June 14, 2013
Mexico’s Comision Federal de Electricidad (CFE) is targeting June 25 for a
Mexico’s Comision Federal de Electricidad (CFE) is targeting June 25 for a domestic bond sale of up to MXP15bn ($1.18bn), according to people familiar with the plans. The transaction is comprised of a 5-year bond paying a spread to the TIIE and a 10-year fixed-rate bond. Banorte-Ixe, HSBC and Santander are managing the transaction, rated AAA on a national scale. CFE previously tapped the domestic market in 2012, when it priced MXP13.5bn in 2042 bonds at 7.70%, or Mbonos+159bp.