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Published on 4/10/2017 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 12.5 billion of bonds in two tranches

By Angela McDaniels

Tacoma, Wash., April 10 – Banco de Mexico sold Ps. 12.5 billion of bonds in an auction on Monday.

The bank accepted bids for Ps. 4.5 billion of Bondes D with a term of 1,800 days. The bonds priced at 99.0668 for a spread of 22 basis points. The demand for these bonds totaled Ps. 15.85 billion.

The bank accepted bids for Ps. 8 billion of 7½% 10-year Bonos. The bonds priced at 101.8478 to yield 7.24%. The demand for these bonds totaled Ps. 14.99 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 12.5 billion
Auction date:April 10
Bondes D
Issue:Bondes D
Amount:Ps. 4.5 billion
Term:1,800 days
Price:99.0668
Spread:22 bps
Bonos
Issue:Bonos
Amount:Ps. 8 billion
Term:10 years
Coupon:7½%
Price:101.8478
Yield:7.24%

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