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Published on 1/13/2009 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 3.5 billion pesos, 450 million UDIs in three series of bonds

By Richard Connell

New York, Jan. 13 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in three parts, two totaling 3.5 billion pesos and one for 450 million UDIs.

Mexico accepted bids for 2 billion pesos of 8½% Bonos 20A bonds with a maturity of May 2029. The bonds priced at 107.87596 to yield 7.73%. Demand totaled 6.95 billion pesos in this auction.

It also accepted bids for 1.5 billion pesos of Bondes D bonds with a term of 1,771 days. The bonds priced at 99.2968 to yield 0.17%. Demand totaled 3.7 billion pesos in this auction.

Mexico also accepted bids for 450 million UDIs of 4½% bonds with a maturity of November 2035. The bonds priced at 110.91 to yield 3.85%. A total of 946.965 million UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:3.5 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:Jan. 13
Bonds due 2029
Issue:Bonos 20A
Amount:2 billion pesos
Maturity:May 2029
Coupon:8½%
Price:107.87596
Yield:7.73%
Bonds due in 1,771 days
Issue:Bondes D
Amount:1.5 billion pesos
Term:1,771 days
Price:99.2968
Yield:0.17%
Bonds due 2035
Issue:UDIBonos 30A
Amount:450 million UDIs
Maturity:November 2035
Coupon:4½%
Price:110.91
Yield:3.85%

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