Bloomberg News

Mexico Central Bank to Sell Up to 60.5 Billion Pesos of Cetes

April 27, 2012

Mexico’s central bank plans to sell as much as 60.5 billion pesos ($4.7 billion) of Treasury bills next week as part of its effort to manage the amount of cash in the financial system.

The auction of the government bills, known as Cetes, is scheduled for May 2, the central bank said today on its website. The bills will have a maturity of 336 days, it said.

The bank has been auctioning Cetes once per quarter to help control the money supply since December 2010.

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

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


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