New Issue: Banco de Mexico auctions Ps. 6.5 billion of five-, 20-year bonds

By Marisa Wong

Morgantown, W.Va., March 14 – Banco de Mexico sold Ps. 6.5 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 4.5 billion of Bondes D with a term of 1,764 days. The bonds priced at 99.19440 for a spread of 19 basis points. The demand for these bonds totaled Ps. 10.25 billion.

The bank also accepted bids for Ps. 2 billion of 10% 20-year Bonos. The bonds priced at 122.88205 to yield 7.73%. The demand for these bonds totaled Ps. 5.55 billion.

Issuer:	Banco de Mexico
Issue:	Banco de Mexico bonds
Total amount:	Ps. 6.5 billion
Auction date:	March 14
Bondes D
Issue:	Bondes D
Amount:	Ps. 4.5 billion
Term:	1,764 days
Price:	99.19440
Spread:	19 bps
Bonos
Issue:	Bonos
Amount:	Ps. 2 billion
Maturity:	November 2036
Original term:	20 years
Coupon:	10%
Price:	122.88205
Yield:	7.73%

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