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Published on 5/17/2011 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 5.25 billion of bonds in two tranches

By Susanna Moon

Chicago, May 17 - Banco de Mexico sold Ps. 5.25 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 1.25 billion of Bondes D with a term of 1,813 days. The bonds priced at 99.13864 for a "sobretasa" spread of 19 basis points. The demand for these bonds totaled Ps. 5.45 billion.

The bank accepted bids for Ps. 4 billion of Bonos 30A with a term of 10,045 days. The 8½% bonds priced at 104.73 for a yield of 8.07%. The demand for these bonds totaled Ps. 16.32 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 5.25 billion
Auction date:May 17
Bondes D
Issue:Bondes D
Amount:Ps. 1.25 billion
Term:1,813 days
Price:99.13864
Spread:19 bps
Bonos 30A
Issue:Bonos 30A
Amount:Ps. 4 billion
Maturity:10,045 days
Coupon:8½%
Price:104.73
Yield:8.07%

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