CFE Teases Market with MXP Bond

Mexico’s Comision Federal de Electricidad (CFE) plans to price a bond Monday in the domestic market, after initially considering placing it this week, according to bankers managing the sale. The state-owned utility plans to price up to MXP4bn in a combination of 10-year MXP-denominated and UDI-denominated notes. If it opts for UDI notes, it would be the first corporate to issue in the inflation-linked unit this year. BBVA is managing the sale, rated AAA on a national scale.