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Published on 10/25/2011 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 5.5 billion, UDI 550 million of bonds

By Susanna Moon

Chicago, Oct. 25 - Banco de Mexico sold Ps. 5.5 billion and 550 million UDIs of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 5.5 billion of 7% Bonos 3A due in 966 days. The bonds priced at 105.8292, and the yield was 4.66%. The demand for these bonds totaled Ps. 14.9 billion.

The bank also accepted bids for 550 million UDIs of 3.5% UDI Bonos 3A due in 784 days. The bonds priced at 106.09. The demand for these bonds totaled 1.33 billion UDIs.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 5.5 billion, 550 million UDIs
Auction date:Oct. 25
Bonos 3A
Issue:Bonos 3A
Amount:Ps. 5.5 billion
Maturity:June 2014
Term:966 days
Coupon:7%
Price:105.8292
Yield:4.66%
UDI Bonos 3A
Issue:UDI Bonos 3A
Amount:550 million UDIs
Maturity:December 2013
Term:784 days
Coupon:3.5%
Price:106.09

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