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Published on 4/12/2016 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 7.5 billion of bonds in two tranches

By Angela McDaniels

Tacoma, Wash., April 12 – Banco de Mexico sold Ps. 7.5 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 4.5 billion of Bondes D with a term of 1,806 days. The bonds priced at 99.04614 for a spread of 21 basis points. The demand for these bonds totaled Ps. 30.83 billion.

The bank accepted bids for Ps. 3 billion of 7¾% 20-year Bonos. The bonds priced at 113.95324 to yield 6.46%. The demand for these bonds totaled Ps. 9.53 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 7.5 billion
Auction date:April 12
Bondes D
Issue:Bondes D
Amount:Ps. 4.5 billion
Term:1,806 days
Price:99.04614
Spread:21 bps
Bonos
Issue:Bonos
Amount:Ps. 3 billion
Term:20 years
Coupon:7¾%
Price:113.95324
Yield:6.46%

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