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Published on 12/30/2011 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 9 billion of bonds in two series

By Angela McDaniels

Tacoma, Wash., Dec. 29 - Banco de Mexico sold Ps. 9 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 1.5 billion of Bondes D with a term of 1,764 days. The bonds priced at 98.31533 to yield 0.39%. The demand for these bonds totaled Ps. 2.4 billion.

The bank also accepted bids for Ps. 7.5 billion of 6½% Bonos 10A due June 2021. The bonds priced at 100.281 for a sobretasa spread of 646 basis points. The demand for these bonds totaled Ps. 15.05 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 9 billion
Auction date:Dec. 27
Bondes D
Issue:Bondes D
Amount:Ps. 1.5 billion
Term:1,764 days
Price:98.31533
Yield:0.39%
Bonos 10A
Issue:Bonos 10A
Amount:Ps. 7.5 billion
Maturity:June 2021
Coupon:6½%
Price:100.281
Spread:646 bps

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