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Published on 4/28/2014 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 6.5 billion, UDI 550 million of bonds

By Angela McDaniels

Tacoma, Wash., April 28 - Banco de Mexico sold Ps. 6.5 billion and 550 million UDIs of bonds in an auction on Monday.

The bank accepted bids for Ps. 3 billion of Bondes D with a term of 1,807 days. The bonds priced at 99.01419 for a spread of 22 basis points. The demand for these bonds totaled Ps. 10 billion.

The bank also accepted bids for Ps. 3.5 billion of 7¾% 20-year Bonos due November 2034. The bonds priced at 106.7795 to yield 7.12%. The demand for these bonds totaled Ps. 9.63 billion.

Finally, the bank accepted bids for UDI 550 million of 4% 30-year UDI Bonos due November 2040. The bonds priced at 105.966 to yield 3.65%. The demand for these bonds totaled UDI 1.69 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 6.5 billion and UDI 550 million
Auction date:April 28
Bondes D
Issue:Bondes D
Amount:Ps. 3 billion
Term:1,807 days
Price:99.01419
Spread:22 bps
Bonos
Issue:Bonos
Amount:Ps. 3.5 billion
Maturity:November 2034
Coupon:7¾%
Price:106.7795
Yield:7.12%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 550 million
Maturity:November 2040
Coupon:4%
Price:105.966
Yield:3.65%

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