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Published on 5/26/2015 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 5.5 billion, UDI 500 million of bonds

By Angela McDaniels

Tacoma, Wash., May 26 – Banco de Mexico sold Ps. 5.5 billion and UDI 500 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 3 billion of Bondes D4 with a term of 1,771 days. The bonds priced at 98.87214 for a spread of 25 basis points. The demand for these bonds totaled Ps. 10.16 billion.

The bank accepted bids for Ps. 2.5 billion of 7¾% 30-year Bonos. The bonds priced at 113.31834 to yield 6.69%. The demand for these bonds totaled Ps. 8.46 billion.

The bank also accepted bids for UDI 500 million of 4% 30-year UDI Bonos. The bonds priced at 109.057 to yield 3.52%. The demand for these bonds totaled UDI 1.52 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 5.5 billion, UDI 500 million
Auction date:May 26
Bondes D4
Issue:Bondes D4
Amount:Ps. 3 billion
Term:1,771 days
Price:98.87214
Spread:25 bps
Bonos
Issue:Bonos
Amount:Ps. 2.5 billion
Term:30 years
Coupon:7¾%
Price:113.31834
Yield:6.69%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 500 million
Term:30 years
Coupon:4%
Price:109.057
Yield:3.52%

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