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Published on 8/1/2017 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 7.25 billion of bonds in two tranches

By Angela McDaniels

Tacoma, Wash., Aug. 1 – Banco de Mexico sold Ps. 7.25 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 3.5 billion of its 8% Bonos due November 2047. The bonds priced at 109.1684 to yield 7¼%. The demand for these bonds totaled Ps. 6.61 billion.

The bank also accepted bids for Ps. 3.75 billion of Bondes D with a term of 1,806 days. The bonds priced at 99.23039 for a spread of 18 basis points. The demand for these bonds totaled Ps. 17.37 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 7.25 billion
Auction date:Aug. 1
Bonos
Issue:Bonos
Amount:Ps. 3.5 billion
Maturity:November 2047
Coupon:8%
Price:109.1684
Yield:7¼%
Bondes D
Issue:Bondes D
Maturity:1,806 days
Amount:Ps. 3.75 billion
Price:99.23039
Spread:18 bps

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