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Published on 7/7/2009 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 5 billion pesos, 400 million UDIs of bonds

By Angela McDaniels

Tacoma, Wash., July 7 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in two parts, one totaling 5 billion pesos and one for 400 million UDIs.

Mexico accepted bids for 5 billion pesos of 7½% Bonos 3A bonds with a maturity of June 2012. The bonds priced at 103.6100 to yield 6.16%. Demand totaled 12.11 billion pesos in this auction.

The bank also accepted bids for 400 million UDIs of 3¼% bonds with a maturity of June 2012. The bonds priced at 102.6745 to yield 2.32%. A total of 1.24 billion UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:5 billion pesos, 400 million UDIs
Issue:Banco de Mexico bonds
Auction date:July 7
7½% bonds
Issue:Bonos 3A
Amount:5 billion pesos
Maturity:June 2012
Coupon:7½%
Price:103.6100
Yield:6.16%
3¼% bonds
Issue:UDI Bonos 3A
Amount:400 million UDIs
Maturity:June 2012
Coupon:3¼%
Price:102.6745
Yield:2.32%

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