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Published on 8/26/2014 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 10 billion, UDI 900 million of bonds

By Angela McDaniels

Tacoma, Wash., Aug. 26 – Banco de Mexico sold Ps. 10 billion and UDI 900 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 10 billion of 4¾% three-year Bonos. The bonds priced at 100.6231 to yield 4.57%. The demand for these bonds totaled Ps. 23.74 billion.

The bank also accepted bids for UDI 900 million of 3½% three-year UDI Bonos. The bonds priced at 109.07 to yield 0.75%. The demand for these bonds totaled UDI 1.74 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 10 billion, UDI 900 million
Auction date:Aug. 26
Bonos
Issue:Bonos
Amount:Ps. 10 billion
Tenor:Three years
Coupon:4¾%
Price:100.6231
Yield:4.57%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 900 million
Tenor:Three years
Coupon:3½%
Price:109.07
Yield:0.75%

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