July 8, 2013
Mexico’s Comision Federal de Electricidad (CFE) will hold a bank meeting Tu
Mexico’s Comision Federal de Electricidad (CFE) will hold a bank meeting Tuesday for a $1.25bn loan, LatinFinance understands. Bank of America, BBVA, Bank of Tokyo Mitsubishi, Citibank, HSBC, Mizuho, Scotiabank and Sumitomo are said to be leading the deal. Last month, CFE sold a MXP12bn ($911m) 5-year floating rate note to yield TIIE+15bp. The state-owned utility had targeted a 10-year fixed-rate tranche also, but dropped it after receiving strong demand for the FRN.