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Published on 7/7/2015 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 6.5 billion of bonds in two tranches

By Tali Rackner

Norfolk, Va., July 7 – Banco de Mexico sold Ps. 6.5 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 4 billion of Bondes D with a term of 1,785 days. The bonds priced at 98.98207 for a spread of 22 basis points. The demand for these bonds totaled Ps. 14 billion.

The bank also accepted bids for Ps. 2.5 billion of 7¾% 30-year Bonos. The bonds priced at 112.32255 to yield 6.76%. The demand for these bonds totaled Ps. 10.89 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 6.5 billion
Auction date:July 7
Bondes D
Issue:Bondes D
Amount:Ps. 4 billion
Term:1,785 days
Price:98.98207
Spread:22 bps
Bonos
Issue:Bonos
Amount:Ps. 2.5 billion
Term:30 years
Coupon:7¾%
Price:112.32255
Yield:6.76%

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