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Published on 10/4/2005 in the Prospect News Emerging Markets Daily.

Mexico announces results of government auction

By Reshmi Basu

New York, Oct. 4- Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 8.99%. Bids ranged from 8.96%% to 9.03%. Of the Ps. 13.39 billion bids tendered, Ps. 4 billion were accepted. Last week, the yield on the 28-day bills was 9.02%.

The 91-day Cetes bills were priced to yield 9.06%. Bids ranged from 9% to 9.08%. Of the Ps. 29 billion bids tendered, Ps. 5.5 billion were accepted. Last week, the yield on the 91-day bills was 9.03%.

The 175-day Cetes bills were priced at 8.84%. Bids ranged from 8.80% to 8.88%. Of the Ps. 16.4 billion bids tendered, Ps. 4.8 billion were accepted. Last week, the yield on the 175-day bills was 8.79%.

Meanwhile the 9% bonos 3A due 2007 priced at 100.90184 to yield 8.54%. Bids ranged from 100.90184 to 100.90184. Of Ps. 6.35 billion bids tendered, Ps. 2.3 billion were accepted. Last week the bond priced at 100.44 to yield 8.78%.

The 9% bonos 7A bond due 2011 priced at 101.649 to yield 8.65%. The bids ranged from 101.449 to 101.649. Of Ps. 5.4 billion bids tendered, Ps. 2.2 billion were accepted. Last week, the issue priced at 101.4217 to yield 8.70%.

IssueBidsAmount issuedYield
28-day CetesPs. 13.39 billionPs. 4 billion8.99%
91-day CetesPs. 29 billionPs. 5.5 billion9.06%
175-day CetesPs. 16.4 billionPs. 4.8 billion8.84%
BondBidsAmount issuedPrice/yield
9% bonos 3A due 2007Ps. 6.35 billionPs. 2.3 billion100.9018/8.54%
9% bonos 7A due 2011Ps. 5.44 billionPs. 2.2 billion101.649/8.65%

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