CFE Keeps it Short for FRN Jumbo

Jun 27, 2013

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...

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