CFE Keeps it Short for FRN Jumbo
Mexico’s Comision Federal de Electricidad (CFE) priced a MXP12bn ($911m) floating rate note Wednesday, opting for a defensive, shorter duration over a longer-term fixed-rate bond. The state-owned utility had planned to price a dual tranche, 5-year floater and a 10-year fixed-rate bond. After receiving MXP12.7bn in demand from the local buyside, CFE priced...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.