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Published on 9/30/2014 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., Sept. 30 – Banco de Mexico sold Ps. 11.5 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 3 billion of Bondes D with a term of 1,771 days. The bonds priced at 99.0486 for a spread of 21 basis points. The demand for these bonds totaled Ps. 9.7 billion.

The bank also accepted bids for Ps. 8.5 billion of 10% 10-year Bonos. The bonds priced at 129.713 to yield 6.08%. The demand for these bonds totaled Ps. 25.19 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 11.5 billion
Auction date:Sept. 30
Bondes D
Issue:Bondes D
Amount:Ps. 3 billion
Term:1,771 days
Price:99.0486
Spread:21 bps
Bonos
Issue:Bonos
Amount:Ps. 8.5 billion
Term:10 years
Coupon:10%
Price:129.713
Yield:6.08%

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