Mexico announces results of government auction

By Reshmi Basu

New York, Dec. 27 - Mexico's Ministry of Finance announced the results of this week's government securities auction on Tuesday.

The 28-day Cetes bills were priced to yield 8.02%. Bids ranged from 7.94% to 8.03%. Of the Ps. 11.776 billion bids tendered, Ps. 4 billion bids were accepted. Last week's yield on the 28-day bills was 8.03%.

The 91-day Cetes bills were priced to yield 8.01%. Bids ranged from 7.99% to 8.03%. Of the Ps. 23.238 billion bids tendered, Ps. 5.5 billion bids were accepted. Last week's yield on the 91-day bills was 7.99%.

The 175-day Cetes bills were priced at 7.90%. Bids ranged from 7.88% to 7.93%. Of the Ps. 21.325 billion bids tendered, Ps. 4.8 billion bids were accepted. The previous yield on the 175-day bills was 7.98%.

Meanwhile the 9% bonos 3A due 2007 priced at 102.20508 to yield 7.80%. Bids ranged from 100.454 to 102.20508. Of Ps. 6.77 billion bids tendered, Ps. 2.3 billion were accepted. The previous issue priced at 101.46438 to yield 8.22%.

The 9% bonos 7A due 2011 priced at 104.29521 to yield 8.09%. Minimum and maximum bids were 104.29521. Of Ps. 5.689 billion bids tendered, Ps. 2.2 billion were accepted. The previous issue priced at 102.55 to yield 8.46%

Type of bond	Demand	Amount sold	Yield
28-day Cetes	Ps. 11.776 billion	Ps. 4 billion	8.02%
91-day Cetes	Ps. 23.238 billion	Ps. 5.5 billion	8.01%
175-day Cetes	Ps. 21.325 billion	Ps. 4.8 billion	7.90%
Type of bond	Demand	Amount sold	Issue price/yield
9% bonos 3A due 2007	Ps. 6.77 billion	Ps. 2.3 billion	102.20508/7.80%
9% bonos 7A due 2011	Ps. 6.689 billion	Ps. 2.2 billion	102.55/8.46%

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