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Published on 2/10/2009 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 4 billion pesos, 450 million UDIs in three series of bonds

By Richard Connell

New York, Feb. 10 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in three parts, two totaling 4 billion pesos and one for 450 million UDIs.

Mexico accepted bids for 2.5 billion pesos of 8½% Bonos 10A bonds with a maturity of December 2018. The bonds priced at 101.73 to yield 8.24%. Demand totaled 5.595 billion pesos in this auction.

It also accepted bids for 1.5 billion pesos of Bondes D bonds with a term of 1,806 days. The bonds priced at 99.32053 to yield 0.16%. Demand totaled 4.07 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 96.64629 to yield 4.72%. A total of 1.8667 billion UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:4 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:Fes. 10
Bonds due 2018
Issue:Bonos 10A
Amount:2.5 billion pesos
Maturity:December 2018
Coupon:8½%
Price:101.73
Yield:8.24%
Bonds due in 1,806 days
Issue:Bondes D
Amount:1.5 billion pesos
Term:1,806 days
Price:99.32053
Yield:0.16%
Bonds due 2035
Issue:UDIBonos 30A
Amount:450 million UDIs
Maturity:November 2035
Coupon:4½%
Price:96.64629
Yield:4.72%

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