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Published on 11/30/2010 in the Prospect News Emerging Markets Daily.

New Issue: Banco de Mexico auctions 5 billion pesos in two tranches

By Richard Connell

New York, Nov. 30 - The Banco de Mexico announced the results of its weekly auction of bonds. Monday's sale came in two parts, totaling 5 billion pesos.

Mexico accepted bids for 1 billion pesos of Bondes D bonds with a term of 1,799 days. The bonds priced at 99.26895 to yield 0.16%. Demand totaled 2.625 billion pesos in this auction.

The bank also accepted bids for 4 billion pesos of 8½% Bonos 30A with a maturity of November 2038. The bonds priced at 107.45933 to yield 7.84%

Issuer:Banco de Mexico
Total amount:5 billion pesos
Issue:Banco de Mexico bonds
Auction date:Nov. 30
Bonds due in 1,799 days
Issue:Bondes D
Amount:1 billion pesos
Term:1,799 days
Price:99.26895
Yield:0.16%
Bonds due 2038
Issue:Bonos 30A
Amount:4 billion pesos
Maturity:November 2038
Coupon:8½%
Price:107.45933
Yield:7.84%

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