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Published on 7/18/2006 in the Prospect News Emerging Markets Daily.

New Issue: Mexico announces results of government auction

By Reshmi Basu

New York, July 18 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 7.05%. Bids ranged from 7% to 7.08%. Of the Ps. 12.212 billion bids tendered, Ps. 4.5 billion bids were accepted. Last week's yield on the 28-day bills was 7.04%.

The 91-day Cetes bills were priced to yield 7.18%. Bids ranged from 7.16% to 7.20%. Of the Ps. 17.420 billion bids tendered, Ps. 6 billion bids were accepted. Last week's yield on the 91-day bills was 7.17%.

The 182-day Cetes bills were priced at 7.40%. Bids ranged from 7.34% to 7.43%. Of the Ps. 14.356 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 182-day bills was 7.33%.

Meanwhile the 8% bonos 10A due 2015 were priced at 95.58 to yield 8.69%. Of the Ps. 9.382 billion bids tendered, Ps. 3.1 billion bids were accepted. Minimum and maximum bids were 95.58. The previous issue priced at 89.34319 to yield 9.73%.

The 4½% UDI bonos 20A due 2025 were priced at 97.57483 to yield 4.69%. Of the Ps. 1.94 billion bids tendered, Ps. 300 million bids were accepted. The minimum and maximum bids were 97.57483. The previous issue priced at 92.23804 to yield 5.13%.

The 4½% UDI bonos 30A due 2035 were priced at 94.5139 to yield 4.85%. Of the Ps. 1.169 billion bids tendered, Ps. 300 million bids were accepted. The minimum and maximum bids were 94.5139. The previous issue priced at 89.5855 to yield 5.19%.

Type of bondDemandAmount soldYield
28-day CetesPs. 12.212 billionPs. 4.5 billion7.05%
91-day CetesPs. 17.420 billionPs. 6 billion7.18%
182-day CetesPs. 14.356 billionPs. 5.4 billion7.40%
Type of bondDemandAmount soldIssue price/yield
8% bonos 10A due 2015Ps. 9.382 billionPs. 3.1 billion95.58/8.69%
4½% UDI bonos 20A due 2025Ps. 1.94 billionPs. 300 million97.57483/4.69%
4½% UDI bonos 30A due 2035Ps. 1.169 billionPs. 300 million94.5139/4.85%

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