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Published on 7/18/2017 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 6.25 billion, UDI 400 million of bonds

By Wendy Van Sickle

Columbus, Ohio, July 18 – Banco de Mexico sold Ps. 6.25 billion and UDI 400 million of bonds in an auction on Tuesday.

The bank also accepted bids for Ps. 3.75 billion of Bondes D with a term of 1,820 days. The bonds priced at 99.22502 for a spread of 18 basis points. The demand for these bonds totaled Ps. 11,525,000,000.

The bank also accepted bids for Ps. 2.5 billion of 10% Bonos due November 2036. The bonds priced at 130.05340 to yield 7.13%. The demand for these bonds totaled Ps. 6,306,000,000.

The bank also accepted bids for UDI 400 million of 4% UDI Bonos due November 2046. The bonds priced at 107.26138 to yield 3.6%. The demand for these bonds totaled UDI 1,015,670,000.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 6.25 billion, UDI 400 million
Auction date:July 18
Bondes D
Issue:Bondes D
Amount:Ps. 3.75 billion
Maturity:1,820 days
Price:99.22502
Spread:18 bps
Bonos
Issue:Bonos
Amount:Ps. 2.5 billion
Maturity:November 2036
Coupon:10%
Price:130.05340
Yield:7.13%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 400 million
Maturity:November 2046
Coupon:4%
Price:107.26138
Yield:3.6%

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