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Published on 10/21/2008 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 6.15 billion pesos, 550 million UDIs in three series of bonds

By Richard Connell

New York, Oct. 21 - The Banco de Mexico announced the results of its auction in three parts.

Mexico accepted bids for 4.65 billion pesos of 7.5% Bonos 20A bonds with a maturity of June 2027. The bonds priced at 77.57 to yield 10.2%. Demand totaled 11.28 billion pesos in this auction.

It also accepted bids for 1.5 billion pesos of Bondes D bonds with a term of 1,799 days. The bonds priced at 99.28517 to yield 0.17%. Demand totaled 3.9 billion pesos in this auction

Mexico also accepted bids for 550 million UDIs of 4.5% bonds with a maturity of November 2035. The bonds priced at 88.8823 to yield 5.27%. A total of 1.516 billion UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:6.15 billion pesos, 550 million UDIs
Issue:Banco de Mexico bonds
Auction date:Oct. 21
Bonds due 2027
Issue:Bonos 20A
Amount:4.65 billion pesos
Maturity:June 2027
Coupon:7.5%
Price:77.57
Yield:10.2%
Bonds due in 1,799 days
Issue:Bondes D
Amount: 1.5 billion pesos
Term:1,799 days
Price:99.28517
Yield:0.17%
Bonds due 2035
Issue:UDIBonos 30A
Amount:550 million UDIs
Maturity:November 2035
Coupon:4.5%
Price:88.8823
Yield:5.27%

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