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Published on 6/30/2009 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 3.75 billion pesos, 450 million UDIs of bonds

By Richard Connell

New York, June 30 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in three parts, two totaling 3.75 billion pesos and one for 450 million UDIs.

Mexico accepted bids for 1.75 billion pesos of Bondes D bonds with a term of 1,785 days. The bonds priced at 99.14806 to yield 0.19%. Demand totaled 3.05 billion pesos in this auction.

The bank also accepted bids for 2 billion pesos of 8½% Bonos 20A bonds with a maturity of May 2029. The bonds priced at 97.19534 to yield 8.8%. Demand totaled 6.91 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 96.24 to yield 4¾%. A total of 2,090,680,000 UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:3.75 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:June 30
Bonds due in 1,785 days
Issue:Bondes D
Amount:1.75 billion pesos
Term:1,785 days
Price:99.14806
Yield:0.19%
Bonds due 2029
Issue:Bonos 20A
Amount:2 billion pesos
Maturity:May 2029
Coupon:8½%
Price:97.19534
Yield:8.8%
Bonds due 2035
Issue:UDI Bonos 30A
Amount:450 million UDIs
Maturity:November 2035
Coupon:4½%
Price:96.24
Yield:4¾%

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