July 21, 2021 |
Mexico's state-owned electric utility company CFE issued $850 million in new 12-year bonds on Tuesday, raising money to refinance debt as orders reached $1.6 billion, said a source involved in the deal.
The company priced the new 2033 bonds at par to yield 3.875%, or 264.8 basis points over US Treasury bonds, the source said. CFE opened the deal with the initial price talk in the high-200 basis points over US Treasury bonds before setting guidance at 4%, plus or minus 12.5 points, and launching
Mexico’s state-owned electric utility company issues $850 mln in 2033 bonds at 3.875% to refinance debt