CFE to Launch $2bn Syndication

CFE to Launch $2bn Syndication

Mexico Loans

Mexico’s CFE is launching syndication of a $2bn 3.5-year term loan at meetings Thursday in New York and November 8 in Mexico City, say bankers. The loan will pre-fund a $1.7bn revolver maturing in May 2011. BAML, BBVA, BNP Paribas, Bank of Tokyo, Citi, Intesa, RBS and Santander are bookrunners on the deal for Mexico’s federal electricity commission. Pricing is heard at 130bp over Libor, according to bankers away from the deal. Pemex recently priced a 3-year tranche on a $3.25bn loan at Libor plu

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