CFE Lands Domestic Jumbo

CFE Lands Domestic Jumbo

Mexico Bonds

Mexico’s Comision Federal de Electricidad (CFE) has priced a MXP13.5bn ($1.05bn) bond transaction, representing the domestic market’s largest deal since 2010. Raising funds for the La Yesca hydroelectric facility, the state-owned utility received some MXP20.6bn demand from a liquid local buyside. Though the post-election period has yet to bring a hoped-for uptick in overall issuance – bankers say year-to-date volume lagged 2011 before the trade – both bankers and buyers note available liquidity

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