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Published on 10/24/2017 in the Prospect News Emerging Markets Daily.

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

By Susanna Moon

Chicago, Oct. 24 – Banco de Mexico sold Ps. 7.25 billion of bonds in two tranches in an auction on Tuesday.

The bank accepted bids for Ps. 3.75 billion Bondes D with a term of 1,778 days. The bonds priced at 99.25570 for a spread of 18 basis points, according to a notice.

The bank also accepted bids for Ps. 3.5 billion of 8% 30-year Bonos. The bonds priced at 104.73016 to yield 7.6%.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 7.25 billio n
Auction date:Oct. 17
Bondes D
Issue:Bondes
Amount:Ps. 3.75 billion
Maturity:1,778 days
Price:99.25570
Spread:18 bps
Bonos
Issue:Bonos
Amount:Ps. 3.5 billion
Maturity:November 2047
Coupon:8%
Price:104.73016
Yield:7.6%

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