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Published on 2/15/2011 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 4.5 billion pesos, 450 million UDIs of bonds

By Jennifer Chiou

New York, Feb. 15 - Banco de Mexico announced the pricing of two series of securities during its weekly auction of bonds, one for 4.5 billion pesos of bonds and another for 450 million UDIs of bonds.

Mexico accepted bids for 4.5 billion pesos of 8% Bonos 3A with a maturity of December 2013. The bonds priced at 105.5519 to yield 5.87%. A total of 16.48 billion pesos of demand was received for this tranche.

The bank also accepted bids for 450 million UDIs of 3.5% bonds with a maturity of December 2013. The bonds priced at 103.71712 to yield 2.16%. A total of 1.8 billion UDIs of demand was received in this auction.

Issuer:Banco de Mexico
Total amount:4.5 billion pesos, 450 million UDIs
Issue:Banco de Mexico bonds
Auction date:Feb. 15
Bonos 3A
Issue:Bonos 3A
Amount:4.5 billion pesos
Maturity:December 2013
Coupon:8%
Price:105.5519
Yield:5.87%
UDI Bonos 3A
Issue:UDI Bonos 3A
Amount:450 million UDIs
Maturity:December 2013
Coupon:3.5%
Price:103.71712
Yield:2.16%

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