CFE, Daimler Add to Mexican DCM Pipeline

Mexico’s CFE is preparing to sell 15-year bonds on the domestic market to raise funds for projects, according to regulatory documents. The state-owned utility has not set an amount for the deal, to be denominated in the UDI unit and pay a fixed rate. ING is managing the sale, rated AAA on a national scale. Separately, Daimler’s Mexican unit is on the road this week to drum up interest in a 2011 floating-rate transaction, according to bankers managing the transaction. Proceeds will go to working capital and investments. A total amount has not yet been set for the deal, through Santander and Scotia.