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Published on 9/30/2008 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, Sept. 30 - The Banco de Mexico announced the results of its weekly auction of bonds in two parts.

Mexico accepted bids for 3.1 billion pesos of 8.5% Bonos 3A bonds with a maturity of June 2011. The bonds priced at 100.66961 to yield 8.22%. Demand totaled 12.86 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 100.32115 to yield 3.1%. A total of 1.06746 billion 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:Sept. 30
Bonds due 2011
Issue:Bonos 3A
Amount:3.1 billion pesos
Maturity:June 2011
Coupon:8.5%
Price:100.66961
Yield:8.22%
Bonds due 2035
Issue:UDIBonos 3A
Amount:400 million UDIs
Maturity:December 2010
Coupon:3.25%
Price:100.32115
Yield:3.1%

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