The Administration of President Enrique Peña Nieto has stressed its commitment to consolidate macroeconomic stability, to count with healthy public finances and to make responsible use of public debt. In this regard, and in order to maintain and strengthen public debt’s management communication and transparency, the Ministry of Finance and Public Credit (SHCP) announces the government securities auction calendar for the third quarter of 2013. This schedule is consistent with the Economic Program approved by Congress for the 2013 fiscal year. Moreover, the issuance strategy is coherent with the 2013 Annual Borrowing Program released on January 22, 2013.

Important Aspects

The most important aspects of the government’s securities issuance strategy for the third quarter of 2013 are:

• During the third quarter the mechanism used to determine the amount to be issued of the 28- day and 91-day Cetes will continue. This mechanism consists on announcing each quarter a minimum and a maximum amount to be issued each week. In this way, the weekly issuance amount of these instruments will be between these specific amounts. The amount to be issued will be specified in the weekly auction announcements made through the Central Bank. The maximum and minimum amounts to be issued of the 28-day and 91-day Cetes will remain unchanged from the previous quarter.
• The amount of the 182-day is increased by 1,000 million pesos to reach an amount of 10,000 million pesos every week.
• The amount of the 1-year is increased by 500 million pesos to reach an amount of 10,000 million pesos every four weeks.
• The amount of the 3-year Nominal Fixed Rate Bonds is increased by 500 million pesos to reach an amount of 9,000 million pesos every four weeks.
• The 5-year Nominal Fixed Rate Bond will be issued through the Debt Syndication Scheme.
• The amount of the 10-year Nominal Fixed Rate Bonds is decreased by 1,000 million pesos to reach an amount of 7,500 million pesos every six weeks.
• The amount of the 20-year Nominal Fixed Rate Bonds is decreased by 1,500 million pesos to reach an amount of 3,500 million pesos every six weeks.
• The amount of the 30-year Nominal Fixed Rate Bonds is decreased by 1,500 million pesos to reach an amount of 3,000 million pesos every six weeks. 2
• The amount and frequency of the 3-year Udibono will be maintained from the previous quarter.
• The amount of the 10-year Udibono is decreased by 50 million udis to reach an amount of 750 million udis every four weeks.
• The amount of the 30-year Udibono is decreased by 100 million udis to reach an amount of 550 million udis every four weeks.
• The amount of the 5-year Bondes D is increased by 300 million pesos to reach an amount of 1,800 million pesos every two weeks.
• The syndicated auctions of stripped 30-year Udibonos will continue taking place every twelve weeks. As in syndicated auctions of Nominal Fixed Rated Bonds and Udibonos, the amount to be auctioned will be published in the transaction announcement.