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Published on 9/13/2016 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 10 billion, UDI 400 million of bonds

By Angela McDaniels

Tacoma, Wash., Sept. 13 – Banco de Mexico sold Ps. 10 billion and UDI 400 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 3 billion of Bondes D with a term of 1,771 days. The bonds priced at 99.09342 for a spread of 21 basis points. The demand for these bonds totaled Ps. 13.35 billion.

The bank accepted bids for Ps. 7 billion of 5¾% 10-year Bonos. The bonds priced at 98.26639 to yield 5.99%. The demand for these bonds totaled Ps. 11.22 billion.

The bank also accepted bids for UDI 400 million of 4% 30-year UDI Bonos. The bonds priced at 112.1685 to yield 3.36%. The demand for these bonds totaled UDI 753.55 million.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 10 billion, UDI 400 million
Auction date:Sept. 13
Bondes D
Issue:Bondes D
Amount:Ps. 3 billion
Term:1,771 days
Price:99.09342
Spread:21 bps
Bonos
Issue:Bonos
Amount:Ps. 7 billion
Term:10 years
Coupon:5¾%
Price:98.26639
Yield:5.99%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 400 million
Term:30 years
Coupon:4%
Price:112.1685
Yield:3.36%

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