CFE sets up local notes

CFE sets up local notes

Bonds Debt Capital Markets Economy & Policy Fixed Income Energy Electricity Mexico

Mexico's state-owned electric utility company CFE could raise up to MXN10 billion ($448 million) in debt through a three-part bond sale in the local market, according to a report from S&P Global. S&P gave the upcoming notes an mxAAA rating on the local scale, saying CFE will use the proceeds to refinance outstanding notes and not make "significant changes" to its debt profile. CFE is expected to issue 2022 notes based on the TIIE interbank lending rate and 2026 notes with a fixed rate al

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