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Published on 7/24/2012 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 10 billion, UDI 650 million of bonds

By Susanna Moon

Chicago, July 24 - Banco de Mexico sold Ps. 10 billion and 650 million UDIs of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 1.5 billion of Bondes D due in 1,792 days. The bonds priced at 98.71950 for a sobretasa yield of 29 basis points. The demand for these bonds totaled Ps. 4.96 billion.

The bank accepted bids for Ps. 8.5 billion of 6½% Bonos 10A due June 2022. The bonds priced at 110.69957 to yield 5.12%. The demand for these bonds totaled Ps. 14.86 billion.

The bank also accepted bids for 650 million UDIs of 4% UDI Bonos 30A due November 2040. The bonds priced at 135.84000 to yield 2.29%. The demand for these bonds totaled 1.34 billion UDIs.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 10 billion, 650 million UDIs
Auction date:July 24
Bondes D
Issue:Bondes D
Amount:Ps. 1.5 billion
Maturity:1,792 days
Price:98.71950
Sobretasa yield:29 bps
Bonos 10A
Issue:Bonos 10A
Amount:Ps. 8.5 billion
Maturity:June 2022
Coupon:6½%
Price:110.69957
Yield:5.12%
UDI Bonos 30A
Issue:UDI Bonos 30A
Amount:650 million UDIs
Maturity:November 2040
Coupon:4%
Price:135.84000
Yield:2.29%

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