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Published on 10/27/2015 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 8 billion of bonds in two tranches

By Wendy Van Sickle

Columbus, Ohio, Oct. 27 – Banco de Mexico sold Ps. 8 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 5 billion of five-year Bondes D. The bonds priced at 98.96045 for a spread of 23 basis points. The demand for these bonds totaled Ps. 14.21 billion.

The bank also accepted bids for Ps. 3 billion of 7¾ % 20-year Bonos. The bonds priced at 112.941 to yield 6.56%. The demand for these bonds totaled Ps. 9.13 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 8 billion
Auction date:Oct. 27
Bondes D
Issue:Bondes D
Amount:Ps. 5 billion
Tenor:Five years
Price:98.96045
Spread:23 bps
Bonos
Issue:Bonos
Amount:Ps. 3 billion
Tenor:20 years
Coupon:7¾%
Price:112.941
Yield:6.56%

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