May 20, 2022 |
Mexico’s state-owned electric utility company CFE will use cash on hand to buy back as much as $1 billion worth of bonds that mature between 2024 and 2051, a company source told LatinFinance.
CFE is looking to repurchase up to $500 million in 4.875% 2024 bonds and another $500 million in five series of notes that mature from 2027 to 2051, the company said in a press release on Thursday.
The company added it will pay bondholders a price "in accordance with standard market practice" for every $1,0
Mexico's state-owned electric utility offers to repurchase up to $1 bln in notes that mature from 2024 to 2051