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Published on 2/17/2009 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 4.5 billion pesos, 450 million UDIs in two series of bonds

By Richard Connell

New York, Feb. 17 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in two parts, one for 4.5 billion pesos and one for 450 million UDIs.

Mexico accepted bids for 4.5 billion pesos of 9% Bonos 3A bonds with a maturity of December 2011. The bonds priced at 104.66535 to yield 7.17%. Demand totaled 13.45 billion pesos in this auction.

Mexico also accepted bids for 450 million UDIs of 3¼% bonds with a maturity of June 2012. The bonds priced at 99.29 to yield 3.47%. Demand totaled 1,093,880,000 UDIs in this auction.

Issuer:Banco de Mexico
Total amount:4.5 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:Feb. 17
Bonds due 2011
Issue:Bonos 3A
Amount:4.5 billion pesos
Maturity:December 2011
Coupon:9%
Price:104.66535
Yield:7.17%
Bonds due 2012
Issue:UDI Bonos 3A
Amount:450 million UDIs
Maturity:June 2012
Coupon:3¼%
Price:99.29
Yield:3.47%

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