October 23, 2020
Mexico's state-owned electric utility company CFE said it sold MXN10 billion ($475 million) worth of bonds in its first debt sale in the local market in more than two years.
CFE had planned to issue at least MXN5.5 billion in new notes, but it increased the size of the deal as orders reached 1.57 times the amount offered, it said in a statement on Wednesday.
The buyers included pension fund managers, investment funds, insurance companies, commercial banks and other government entities, CFE added
Mexico's state-owned utility company earns $475 mln to pay off debt in its first local debt deal in more than two years