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Published on 3/14/2006 in the Prospect News Emerging Markets Daily.

New Issue: Mexico announces results of government auction

By Reshmi Basu

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

The 27-day Cetes bills were priced to yield 7.37%. Bids ranged from 7.35% to 7.38%. Of the Ps. 17.137 million bids tendered, Ps. 4.5 billion bids were accepted. The previous yield on the 27-day bills was 7.46%.

The 91-day Cetes bills were priced to yield 7.41%. Bids ranged from 7.34% to 7.45%. Of the Ps. 23.594 billion bids tendered, Ps. 6 billion bids were accepted. Last week's yield on the 91-day bills was 7.44%.

The 182-day Cetes bills were priced at 7.50%. Bids ranged from 7.47% to 7.54%. Of the Ps. 17.355 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 182-day bills was 7.56%.

The 336-day Cetes bills were priced at 7.55%. Bids ranged from 7.48% to 7.58%. Of the Ps. 16.682 billion bids tendered, Ps. 5.5 billion bids were accepted. The previous yield on the 336-day bills was 7.52%.

Meanwhile the 10% bonos 20A due 2024 priced 114.72 to yield 8.43%. The minimum and maximum bid was 114.72. Of Ps. 14.132 billion bids tendered, Ps. 3.1 billion was accepted. The previous issue priced at 115.37671 to yield 8.37%.

Type of bondDemandAmount soldYield
27-day CetesPs. 17.137 billionPs. 4.5 billion7.37%
91-day CetesPs. 23.594 billionPs. 6 billion7.41%
182-day CetesPs. 17.355 billionPs. 5.4 billion7.50%
336-day CetesPs. 16.682 billionPs. 5.5 billion7.55%
Type of bondDemandAmount soldIssue price/yield
10% bonos 10A due 2024Ps. 14.132 billionPs. 3.1 billion114.72/8.43%

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