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Published on 11/22/2016 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 5 billion of bonds in two tranches

By Susanna Moon

Chicago, Nov. 22 – Banco de Mexico sold Ps. 5 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 4 billion of Bondes D with a term of 1,820 days. The bonds priced at 98.93447 for a spread of 24 basis points. The demand for these bonds totaled Ps. 12.85 billion.

The bank also accepted bids for Ps. 1 billion of 7¾% Bonos due 2042. The bonds priced at 100.89870 to yield 7.67%. The demand for these bonds totaled Ps. 5.29 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 5 billion
Auction date:Nov. 22
Bondes D
Issue:Bondes D
Amount:Ps. 4 billion
Term:1,820 days
Price:98.93447
Spread:24 bps
Bonos
Issue:Bonos
Amount:Ps. 1 billion
Maturity:November 2042
Coupon:7¾%
Price:100.8987
Yield:7.67%

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