CFE Sets Local Jumbo Placement

Mexico’s CFE has indicated March 24 as the price date for its domestic bond issue of up to MXP5bn, according to regulatory documents. The 10-year fixed and floating-rate issue is rated AAA on a national scale and managed by Banamex and Santander. The state-owned utility is also readying a MXP500m 3.5-year floating rate transaction through Ixe, expected in early April. A successful pricing is expected to help reanimate a local debt capital market long starved of supply.