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Published on 11/9/2010 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 4.5 billion pesos, 550 million UDIs of bonds

By Richard Connell

New York, Nov. 9 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in two parts, one for 4.5 billion pesos and one for 550 million UDIs.

Mexico accepted bids for 4.5 billion pesos of 6% Bonos 5A with a maturity of June 2015. The bonds priced at 102.93645 to yield 5.28%. A total of 15.3 billion pesos of demand was received for this tranche.

The bank also accepted bids for 550 million UDIs of 4% bonds with a maturity of June 2019. The bonds priced at 115.74049 to yield 2.02%. A total of 979.35 million UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:4.5 billion pesos, 550 million UDIs
Issue:Banco de Mexico bonds
Auction date:Nov. 9
Bonds due 2015
Issue:Bonos 5A
Amount:4.5 billion pesos
Maturity:June 2015
Coupon:6%
Price:102.93645
Yield:5.28%
Bonds due 2019
Issue:UDI Bonos 10A
Amount:550 million UDIs
Maturity:June 2019
Coupon:4%
Price:115.74049
Yield:2.02%

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