CFE Puts Local Trade to Bed

CFE Puts Local Trade to Bed

Mexico Bonds

Mexico’s Comision Federal de Electricidad (CFE) has sold a MXP1.358bn in ($100m) floater in the domestic market. The 4-year notes priced at TIIE+35bp, in line with guidance of TIIE+ 35bp-40bp and 10bp wide of initial price expectations. Demand was heard at 1.3x, with participation coming from pension funds, bank treasuries and mutual funds. The deal wraps up the last issuance under the MXP3bn Fideicomiso de Administracion de Gastos Previos trust. The state-owned utility uses the Bancomext-g

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