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Published on 6/1/2010 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 5 billion pesos, 550 million UDIs of bonds

By Richard Connell

New York, June 1 - The Banco de Mexico announced the results of its weekly auction of bonds. Tuesday's sale came in three parts, two totaling 5 billion pesos and one for 550 million UDIs.

Mexico accepted bids for 1.5 billion pesos of Bondes D bonds with a term of 1,806 days. The bonds priced at 99.27071 to yield 0.16%. Demand totaled 4.65 billion pesos in this auction.

The bank also accepted bids for 3.5 billion pesos of 8½% Bonos 20A bonds with a maturity of May 2029. The bonds priced at 106.96291 to yield 7.79%. Demand totaled 13.38 billion pesos in this auction.

Mexico also accepted bids for 550 million UDIs of 4% bonds with a maturity of November 2040. The bonds priced at 100.52928 to yield 3.97%. A total of 2,152,935,000 UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:5 billion pesos, 550 million UDIs
Issue:Banco de Mexico bonds
Auction date:June 1
Bonds due in 1,806 days
Issue:Bondes D
Amount:1.5 billion pesos
Term:1,806 days
Price:99.27071
Yield:0.16%
Bonds due 2029
Issue:Bonos 20A
Amount:3.5 billion pesos
Maturity:May 2029
Coupon:8½%
Price:106.96291
Yield:7.79%
Bonds due 2040
Issue:UDI Bonos 30A
Amount:550 million UDIs
Maturity:November 2040
Coupon:4%
Price:100.52928
Yield:3.97%

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