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Published on 5/24/2016 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions Ps. 5.5 billion, UDI 400 million of bonds

By Angela McDaniels

Tacoma, Wash., May 24 – Banco de Mexico sold Ps. 5.5 billion and UDI 400 million of bonds in an auction on Tuesday.

The bank accepted bids for Ps. 3 billion of Bondes D with a term of 1,820 days. The bonds priced at 99.10354 for a spread of 20 basis points. The demand for these bonds totaled Ps. 9.35 billion.

The bank accepted bids for Ps. 2.5 billion of 7¾% 20-year Bonos. The bonds priced at 109.99040 to yield 6.8%. The demand for these bonds totaled Ps. 5.38 billion.

The bank also accepted bids for UDI 400 million of 4% 30-year UDI Bonos. The bonds priced at 102.71298 to yield 3.85%. The demand for these bonds totaled UDI 775.68 billion.

Issuer:Banco de Mexico
Issue:Banco de Mexico bonds
Total amount:Ps. 5.5 billion, UDI 400 million
Auction date:May 24
Bondes D
Issue:Bondes D
Amount:Ps. 3 billion
Term:1,820 days
Price:99.10354
Spread:20 bps
Bonos
Issue:Bonos
Amount:Ps. 2.5 billion
Term:20 years
Coupon:7¾%
Price:109.99040
Yield:6.8%
UDI Bonos
Issue:UDI Bonos
Amount:UDI 400 million
Term:30 years
Coupon:4%
Price:102.71298
Yield:3.85%

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