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Published on 6/19/2018 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 7 billion, UDI 400 million of bonds

By Marisa Wong

Morgantown, W.Va., June 19 – Banco de Mexico sold Ps. 7 billion and UDI 400 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 5 billion of Bondes D with a term of 1,778 days. The bonds priced at 99.33402 for a spread of 16 basis points. The demand for these bonds totaled Ps. 19.5 billion.

The bank accepted bids for Ps. 2 billion of 8½% Bonos due November 2038. The bonds priced at 105.59041 to yield 7.94%. The demand for these bonds totaled Ps. 6,795,000,000.

The bank also accepted bids for UDI 400 million of 4% UDI Bonos due November 2046. The bonds priced at 103.49100 to yield 3.8%. The demand for these bonds totaled UDI 924,135,000.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 7 billion, UDI 400 million
Auction date:June 19
Bondes D
Issue:Bondes D
Amount:Ps. 5 billion
Term:1,778 days
Price:99.33402
Spread:16 bps
Bonos
Issue:Bonos
Amount:Ps. 2 billion
Maturity:November 2038
Coupon:8½%
Price:105.59041
Yield:7.94%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 400 million
Maturity:November 2046
Coupon:4%
Price:103.49100
Yield:3.8%

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