The results speak for themselves. A $6.5 billion book and the
lowest yield ever for a Mexican public entity tapping 10-year
international money makes Comisión Federal de
Electricidad's $1 billion 4.875% 2021 bond a clear winner.
The 100% government-owned electricity company tapped into
investors' need for some diversification in Mexico's
quasi-sovereign space, and succeeded in planting its flag
firmly among international accounts to prepare the way for what
is expected to be a 30-year.
"They are the second largest issuer in the local market, so
it made a lot of sense for them to diversify...
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