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Published on 4/12/2011 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 4.5 billion, UDI 450 million of bonds

By Jennifer Chiou

New York, April 12 - Banco de Mexico sold Ps. 4.5 billion and 450 million UDIs of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 4.5 billion of 8% Bonos 3A with a term of 980 days. The bonds priced at 105.27278 to yield 5.87%. The demand for the bonds totaled Ps. 12.89 billion.

The bank also accepted bids for 450 million UDIs of 3.5% Udibonos 3A with a term of 980 days. The bonds priced at 103.5 to yield 2.17%. The demand for these bonds totaled 1.37 billion UDIs.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 4.5 billion, 450 million UDIs
Auction date:April 12
Bonos 3A
Amount:Ps. 4.5 billion
Term:980 days
Coupon:8%
Price:105.27278
Yield:5.87%
Udibonos 3A
Amount:450 million UDIs
Term:980 days
Coupon:3.5%
Price:103.5
Yield:2.17%

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