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Published on 10/14/2008 in the Prospect News Emerging Markets Daily.

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

By Richard Connell

New York, Oct. 14 - The Banco de Mexico announced the results of its auction in two parts.

Mexico accepted bids for 4.5 billion pesos of 9% bonds with a maturity of June 2013. The bonds priced at 104.4421 to yield 8.36%. Demand totaled 12.917 billion pesos in this auction.

Mexico also accepted bids for 550 million UDIs of 3.5% bonds with a maturity of December 2017. The bonds priced at 93.554 to yield 4.35%. A total of 1.35 billion 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: Oct. 4
Bonds due 2013
Issue: Bonos 5A
Amount: 4.5 billion pesos
Maturity: June 2013
Price:104.4421
Yield:8.36%
Bonds due 2017
Issue: UDIBonos 10A
Amount:550 million UDIs
Maturity: December 2017
Coupon:3.5%
Price:93.554
Yield:4.35%

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