Published on 11/12/2008 in the Prospect News Emerging Markets Daily.
New Issue: Banco de Mexico auctions 4.5 billion pesos, 300 million UDIs in two series of bonds
By Richard Connell
New York, Nov. 12 - 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 99.72027 to yield 9.07%. Demand totaled 8.475 billion pesos in this auction.
Mexico also accepted bids for 300 million UDIs of 3.5% bonds with a maturity of December 2017. The bonds priced at 89.78 to yield 4.89%. A total of 557.5 million UDIs of demand was received in this auction.
Issuer: | Banco de Mexico
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Total Amount: | 4.5 billion pesos, 300 million UDIs
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Auction Date: | Nov. 11
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Bonds due
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Issue: | Bonos 5A
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Amount: | 4.5 billion pesos
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Maturity: | June 2013
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Coupon: | 9%
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Price: | 99.72027
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Yield: | 9.07%
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Bonds due
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Issue: | UDIBonos 10A
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Amount: | 300 million UDIs
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Maturity: | December 2017
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Coupon: | 3.5%
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Price: | 89.78
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Yield: | 4.89%
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