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Published on 5/23/2006 in the Prospect News Emerging Markets Daily.

New Issue: Mexico announces results of government auction

By Reshmi Basu

New York, May 23 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 7.01%. Bids ranged from 6.96% to 7.04%. Of the Ps. 20.031 billion bids tendered, Ps. 4.5 billion bids were accepted. Last week's yield on the 28-day bills was 7.01%.

The 91-day Cetes bills were priced to yield 7.14%. Bids ranged from 7.08% to 7.16%. Of the Ps. 16.036 billion bids tendered, Ps. 6 billion bids were accepted. Last week's yield on the 91-day bills was 7.12%.

The 182-day Cetes bills were priced at 7.33%. Bids ranged from 7.30% to 7.36%. Of the Ps. 11.280 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 182-day bills was 7.27%.

Meanwhile the 8% bonos 10A due 2015 were priced at 94.778596 to yield 8.81%. Of the Ps. 8.375 billion bids tendered, Ps. 3.1 billion bids were accepted. The minimum and maximum bids were 99.77596. The previous issue priced at 96.25 to yield 8.57%.

The 4.50% UDI bonos 20A due 2025 were priced at 97.19 to yield 4.72%. Of the UDI 1.178 billion bids tendered, UDI 300 million bids were accepted. The minimum and maximum bids were 97.19. The previous issue priced at 98.062 to yield 4.65%.

And the 4.50% UDI bonos 30A due 2035 were priced at 96.17896 to yield 4.74%. Of the UDI 967 million bids tendered, UDI 300 million bids were accepted. The minimum and maximum bids were 99.17896. The previous issue priced at 97.10793 to yield 4.68%.

Type of bondDemandAmount soldYield
28-day CetesPs. 20.031 billionPs, 4.5 billion7.01%
91-day CetesPs. 16.036 billionPs. 6 billion7.14%
182-day CetesPs. 11.280 billionPs. 5.4 billion7.33%
Type of bondDemandAmount soldIssue price/yield
8% bonos 10A due 2015Ps. 8.375 billionPs. 3.1 billion94.778596/8.81%
4.50% UDI bonos 20A due 2025UDI 1.178 billionUDI 300 million97.19/4.72%
4.50% UDI bonos 30A due 2035UDI 967 millionUDI 300 million96.17896/4.74%

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