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Published on 11/10/2015 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 7.5 billion, UDI 500 million of bonds

By Wendy Van Sickle

Columbus, Ohio, Nov. 10 – Banco de Mexico sold Ps. 7.5 billion and UDI 500 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 5 billion of five-year Bondes D. The bonds priced at 98.95261 giving a spread of 23 basis points. The demand for these bonds totaled Ps. 11.53 billion.

The bank also accepted bids for Ps. 2.5 billion of 30-year 7¾% Bonos. The bonds priced at 110.53288 to yield 6.89%. The demand for these bonds totaled Ps. 7.55 billion.

The bank also accepted bids for UDI 500 million of 4% 30-year Bonos. The bonds priced at 105.92952 to yield 3.68%. The demand for these bonds totaled UDI 1.03 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 7.5 billion, UDI 500 million
Auction date:Nov. 10
Bondes D
Issue:Bondes D
Amount:Ps. 5 billion
Tenor:Five years
Price:98.95261
Spread:23 bps
Bonos
Issue:Bonos
Amount:Ps. 2.5 billion
Tenor:30 years
Coupon:7¾%
Price:110.53288
Yield:6.89%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 500 million
Tenor:30 years
Coupon:4%
Price:105.92952
Yield:3.68%

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