MGE Seeks 5-Handle

MGE Seeks 5-Handle

Mexico Bonds

Mexico Generadora de Energia (MGE) is out with initial price thoughts of mid-to-high 5%-area for a $564.2m 2032 bond, expected as soon as today. The Grupo Mexico-controlled electric power generation project wrapped up fixed-income meetings with US and LatAm accounts Wednesday. The Baa2/BBB bond features a 13-year average life. The 500 megawatt gas-fired electrical power facility has a 20-year power purchase agreement to supply Grupo Mexico’s Mexicana de Cobre and Buenavista del Cobre mines. The

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