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Published on 12/22/2008 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 3.1 billion pesos, 400 million UDIs in two series of bonds

By Richard Connell

New York, Dec. 22 - The Banco de Mexico announced the results of its weekly auction of bonds. Monday's sale came in two parts, one for 3.1 billion pesos and one for 400 million UDIs.

Mexico accepted bids for 3.1 billion pesos of 8.5% Bonos 3A bonds with a maturity of June 2011. The bonds priced at 102.155 to yield 7.55%. Demand totaled 10.55 billion pesos in this auction.

Mexico also accepted bids for 400 million UDIs of 3.25% bonds with a maturity of December 2010. The bonds priced at 99.71 to yield 3.4%. A total of 847.985 million UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:3.1 billion pesos, 400 million UDIs
Issue:Banco de Mexico bonds
Auction date:Dec. 22
Bonds due 2011
Issue:Bonos 3A
Amount:3.1 billion pesos
Maturity:June 2011
Coupon:8.5%
Price:102.155
Yield:7.55%
Bonds due 2010
Issue:UDIBonos 3A
Amount:400 million UDIs
Maturity:December 2010
Coupon:3.25%
Price:99.71
Yield:3.4%

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