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Published on 5/5/2009 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 5.75 billion pesos, 450 million UDIs of bonds

By Richard Connell

New York, May 5 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in three parts, two totaling 5.75 billion pesos and 450 million UDIs.

Mexico accepted bids for 1.75 billion pesos of Bondes D bonds with a term of 1,778 days. The bonds priced at 99.2362 to yield 0.18%. Demand totaled 2.45 billion pesos in this auction.

The issuer also accepted bids for 4 billion pesos of 8½% Bonos 10A bonds with a maturity of December 2018. The bonds priced at 106.45326 to yield 7.55%. Demand totaled 9.462 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 102.85 to yield 4.32%. A total of 1,448,430,000 UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:5.75 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:May 5
Bonds due in 1,778 days
Issue:Bondes D
Amount:1.75 billion pesos
Term:1,778 days
Price:99.2362
Yield:0.18%
Bonds due 2018
Issue:Bonos 10A
Amount:4 billion pesos
Maturity:December 2018
Coupon:8½%
Price:106.45326
Yield:7.55%
Bonds due 2035
Issue:UDI Bonos 30A
Amount:450 million UDIs
Maturity:November 2035
Coupon:4½%
Price:102.85
Yield:4.32%

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