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Published on 4/30/2012 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 9 billion, UDI 600 million of bonds

By Susanna Moon

Chicago, April 30 - Banco de Mexico sold Ps. 9 billion and 600 million UDIs of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 1.5 billion of Bondes D, which have a term of 1,820 days. The bonds priced at 98.58300 for a sobretasa spread of 32 basis points. The demand for these bonds totaled Ps. 4.5 billion.

The bank accepted bids for Ps. 7.5 billion of 6½% Bonos 10A due June 2022. The bonds priced at 102.08820 to yield 6.22%. The demand for these bonds totaled Ps. 22.2 billion.

The bank also accepted bids for 600 million UDIs of 4% UDI Bonos 30A due November 2040. The bonds priced at 107.52835 to yield 3.58%. The demand for these bonds totaled 1.32 billion UDIs.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 9 billion, 600 million UDIs
Auction date:April 30
Bondes D
Issue:Bondes D
Amount:Ps. 1.5 billion
Term:1,820 days
Price:98.58300
Spread:32 bps
Bonos 10A
Issue:Bonos 10A
Amount:Ps. 7.5 billion
Maturity:June 2022
Coupon:6½%
Price:102.08820
Yield:6.22%
UDI Bonos 30A
Issue:UDI Bonos 30A
Amount:600 million UDIs
Maturity:November 2040
Coupon:4%
Price:107.52835
Yield:3.58%

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