Mexico’s CFE taps Formosa bond market with 30-year trade

Mexico’s CFE taps Formosa bond market with 30-year trade

Mexico Bonds

CFE became the first Mexican issuer to tap Taiwan’s Formosa bond market on Thursday, raising $750m in 2047 paper sold at a yield of 5.15%.Credit Suisse, HSBC and Morgan Stanley priced the 30-year trade at par, debt capital markets sources said. The notes come with a 15.5-year average life and sources have said the long-term bond may serve as a harbinger for similarly-rated credits both in Mexico and across Latin America.“If you want to diversify, the Asian markets are a good option because there

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