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Published on 7/10/2012 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 6 billion of bonds in two tranches

By Susanna Moon

Chicago, July 10 - Banco de Mexico sold Ps. 6 billion of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 1.5 billion of Bondes D4 due in 1,806 days. The bonds priced at 98.69452 for a sobretasa yield of 29 basis points. The demand for these bonds totaled Ps. 6.81 billion.

The bank also accepted bids for Ps. 4.5 billion of 7¾% Bonos 30A due November 2042. The bonds priced at 120.85744 to yield 6.22%. The demand for these bonds was Ps. 12.63 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 6 billion
Auction date:July 10
Bondes D4
Issue:Bondes D4
Amount:Ps. 1.5 billion
Maturity:1,806 days
Price:98.69452
Sobretasa yield:29 bps
Bonos 30A
Issue:Bonos 30A
Amount:Ps. 4.5 billion
Maturity:November 2042
Coupon:7¾%
Price:120.85744
Yield:6.22%

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