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Published on 5/29/2013 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 6.5 billion, UDI 650 million of bonds

By Toni Weeks

San Luis Obispo, Calif., May 29 - Banco de Mexico sold Ps. 6.5 billion and 650 million UDIs of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 1.5 billion of Bondes D4 due in 1,785 days. The bonds priced at 99.0807 to yield 0.21%. The demand for these bonds totaled Ps. 5.05 billion.

The bank also accepted bids for Ps. 5 billion of 7.75% Bonos 20A due May 2031. The bonds priced at 120.75592 to yield 5.88%. The demand for these bonds totaled Ps. 18,534,400,000.

Finally, the bank accepted bids for 650 million UDI of 4% UDI Bonos 30A due November 2040. The bonds priced at 125.79352 to yield 2.68%. The demand for these bonds totaled 1,179,410,000 UDI.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 6.5 billion and 650 million UDI
Auction date:May 28
Bondes D4
Issue:Bondes D4
Amount:Ps. 1.5 billion
Maturity:1.785 days
Price:99.0807
Yield:0.21%
Bonos 20A
Issue:Bonos 20A
Amount:Ps. 5 billion
Maturity:May 2031
Coupon:7.75%
Price:120.75592
Yield:5.88%
UDI Bonos 30A
Issue:UDI Bonos 30A
Amount:650 million UDI
Maturity:November 2040
Coupon:4%
Price:125.79352
Yield:2.68%

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