POWER FINANCING - Breaking New Ground

POWER FINANCING - Breaking New Ground

Mexico Corporate & Sovereign Strategy

The results speak for themselves. A $6.5 billion book and the lowest yield ever for a Mexican public entity tapping 10-year international money makes Comisión Federal de Electricidad’s $1 billion 4.875% 2021 bond a clear winner. The 100% government-owned electricity company tapped into investors’ need for some diversification in Mexico’s quasi-sovereign space, and succeeded in planting its flag firmly among international accounts to prepare the way for what is expected to be a 30-year. “They are the second largest issuer in the local market, so it made a lot of sense for them to diversify their funding base,” says Manuel Camacho, who is responsible for Mexican debt originations at Goldma

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial