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Published on 7/12/2011 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 8.75 billion of bonds in two tranches

By Jennifer Chiou

New York, July 12 - Banco de Mexico auctioned off a total of Ps. 8.75 billion of bonds on Tuesday.

The bank accepted bids for Ps. 1.25 billion of Bondes D4 with a term of 1,813 days. The bonds priced at 99.05403 for a spread of 21 basis points. The demand for these bonds totaled Ps. 6.53 billion.

The bank accepted bids for Ps. 7.5 billion of Bonos 10A with a term of 3,619 days. The 6½% bonds priced at 97.13 for a yield of 6.9%. The demand for these bonds totaled Ps. 15.78 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 8.75 billion
Auction date:July 12
Bondes D4
Issue:Bondes D4
Amount:Ps. 1.25 billion
Term:1,813 days
Price:99.05403
Spread:21 bps
Bonos 10A
Issue:Bonos 10A
Amount:Ps. 7.5 billion
Maturity:3,619 days
Coupon:6½%
Price:97.13
Yield:6.9%

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