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Published on 4/13/2010 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 5.5 billion pesos, 450 million UDIs of bonds

By Richard Connell

New York, April 13 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in two parts, one for 5.5 billion pesos and one for 450 million UDIs.

Mexico accepted bids for 5.5 billion pesos of 9% Bonos 3A bonds with a maturity of December 2012. The bonds priced at 107.80518 to yield 5.85%. Demand totaled 14.82 billion pesos in this auction.

The bank also accepted bids for 450 million UDIs of 5½% bonds with a maturity of December 2012. The bonds priced at 109.34 to yield 1.96%. A total of 1,210,630,000 UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:5.5 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:April 13
Bonds due 2012
Issue:Bonos 3A
Amount:5.5 billion pesos
Maturity:December 2012
Coupon:9%
Price:107.80518
Yield:5.85%
Bonds due 2012
Issue:UDI Bonos 3A
Amount:450 million UDIs
Maturity:December 2012
Coupon:5½%
Price:109.34
Yield:1.96%

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