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Published on 2/7/2006 in the Prospect News Emerging Markets Daily.

New Issue: Mexico announces results of government auction

By Reshmi Basu

New York, Feb. 7 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 7.68%. Bids ranged from 7.64% to 7.69%. Of the Ps. 18.592 billion bids tendered, Ps. 4.5 billion bids were accepted. The previous yield on the 28-day bills was 7.72%.

The 91-day Cetes bills were priced to yield 7.62%. Bids ranged from 7.61% to 7.64%. Of the Ps. 28.074 billion bids tendered, Ps. 6 billion bids were accepted. The previous yield on the 91-day bills was 7.66%.

The 175-day Cetes bills were priced to yield 7.59%. Bids ranged from 7.57% to 7.62%. Of the Ps. 17.548 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 175-day bills was 7.57%.

Meanwhile the 8% bonos 5A due 2010 priced at 100.76 to yield 7.81%. Minimum and maximum bids were 100.76. Of Ps. 7.07 billion bids tendered, Ps. 3 billion was accepted. The previous issue priced at 100.56563 to yield 7.86%.

And the UDI 4½% bonos 10A due 2015 priced at 103.05213 to yield 4.09%. Of Ps. 1.794 billion tendered, Ps. 600 million was accepted. The previous issue priced at 103.07652 to yield 4.09%.

Type of bondDemandAmount soldYield
28-day CetesPs. 18.592 billionPs. 4.5 billion 7.68%
91-day CetesPs. 28.074 billionPs. 6 billion7.62%
175-day CetesPs. 17.548 billionPs. 5.4 billion 7.59%
Type of bondDemandAmount soldIssue price/yield
8% bonos 5A due 2010Ps. 7.07 billionPs. 3 billion100.76/7.81%
UDI 4½% bonos 10A due 2015Ps. 1.794 billionPs. 600 million103.07652/4.09%

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