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Mexico Sells 6 Billion Pesos of 28-Day Cetes at Auction Today

Mexico sold all 6 billion pesos ($461 million) of 28-day Cetes and 7 billion pesos of the 91-day securities it offered today, the central bank said on its website.

Mexico also sold all 8.5 billion pesos in 175-day bills it auctioned today, the bank said.

The yield at auction on the one-month notes was unchanged at 4.24 percent from the previous auction on Jan. 24, the bank said.

The nation’s Finance Ministry plans to sell this quarter an average of 7 billion pesos of one-month notes weekly and an average of 8 billion pesos of those maturing in three months each week, the ministry announced in a statement on Dec. 15. Mexico will sell at least 3.5 billion pesos weekly of the 28-day Cetes and at least 4 billion pesos each week of 91-day bills during this quarter, it said.

The government increased the amount of one-month and three- month Cetes it plans to sell this quarter to 195 billion pesos, from 156 billion in the fourth quarter of 2011.

To contact the reporter on this story: Ben Bain in Mexico City at bbain2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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