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Published on 4/14/2014 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 11.5 billion of bonds in two tranches

By Angela McDaniels

Tacoma, Wash., April 14 - Banco de Mexico sold Ps. 11.5 billion of bonds in an auction on Monday.

The bank accepted bids for Ps. 3 billion of Bondes D with a term of 1,821 days. The bonds priced at 99.00288 for an estimated spread of 22 basis points. The demand for these bonds totaled Ps. 14.85 billion.

The bank also accepted bids for Ps. 8.5 billion of 10% Bonos due December 2024. The bonds priced at 130.02527 to yield 6.15%. The demand for these bonds totaled Ps. 22.08 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 11.5 billion
Auction date:April 14
Bondes D
Issue:Bondes D
Amount:Ps. 3 billion
Maturity:1,821 days
Price:99.00288
Spread:22 bps
Bonos
Issue:Bonos
Amount:Ps. 8.5 billion
Maturity:December 2024
Coupon:10%
Price:130.02527
Yield:6.15%

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