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Published on 6/20/2017 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 7.5 billion, UDI 400 million of bonds

By Marisa Wong

Morgantown, W.Va., June 20 – Banco de Mexico sold Ps. 7.5 billion and UDI 400 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 4.5 billion of Bondes D with a term of 1,785 days. The bonds priced at 99.18675 for a spread of 19 basis points. The demand for these bonds totaled Ps. 21.8 billion.

The bank accepted bids for Ps. 3 billion of 8% Bonos due 2047. The bonds priced at 110.28 to yield 7.17%. The demand for these bonds totaled Ps. 6.19 billion.

The bank also accepted bids for UDI 400 million of 4% UDI Bonos due 2046. The bonds priced at 109.40210 to yield 3.49%. The demand for these bonds totaled UDI 827.96 million.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 7.5 billion, UDI 400 million
Auction date:June 20
Bondes D
Issue:Bondes D
Amount:Ps. 4.5 billion
Term:1,785 days
Price:99.18675
Spread:19 bps
Bonos
Issue:Bonos
Amount:Ps. 3 billion
Maturity:November 2047
Coupon:8%
Price:110.28
Yield:7.17%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 400 million
Maturity:November 2046
Coupon:4%
Price:109.40210
Yield:3.49%

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