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Published on 2/14/2006 in the Prospect News Emerging Markets Daily.

New Issue: Mexico announces results of government auction

By Reshmi Basu

New York, Feb. 14 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 7.55%. Bids ranged from 7.50% to 7.57%. Of the Ps. 19.696 billion bids tendered, Ps. 4.5 billion bids were accepted. Last week's yield on the 28-day bills was 7.68%.

The 91-day Cetes bills were priced to yield 7.51%. Bids ranged from 7.49% to 7.53%. Of the Ps. 20.067 billion bids tendered, Ps. 6 billion bids were accepted. Last week's yield on the 91-day bills was 7.62%.

The 182-day Cetes bills were priced at 7.53%. Bids ranged from 7.50% to 7.55%. Of the Ps. 17.298 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 175-day bills was 7.59%.

The 364-day Cetes bill priced at 7.52%. Bids ranged from 7.48% to 7.54%. Of Ps. 16.05 billion bids tendered, Ps. 5.6 billion was accepted. The previous issue priced at 7.68%.

And the 10% bonos 20A due 2024 priced at 115.37671 to yield 8.37%. Minimum and maximum bids were 115.37671. Of Ps. 10.826 billion bids tendered, Ps. 3.1 billion was accepted. The previous issue priced at 114.67681 to yield 8.44%.

Type of bondDemandAmount soldYield
28-day CetesPs. 19.696 billionPs. 4.5 billion7.55%
91-day CetesPs. 20.067 billionPs. 6 billion7.51%
182-day CetesPs. 17.298 billionPs. 5.4 billion7.53%
364-day CetesPs. 16.05 billionPs. 5.6 billion7.52%
Type of bondDemandAmount soldIssue price/yield
10% bonos 20A due 2024Ps. 10.826 billionPs. 3.1 billion115.37671/8.37%

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