CFE Plots Domestic Issue

Mexico’s Comision Federal de Electricidad (CFE) has registered to sell bonds in the domestic market, according to regulatory documents. The state-owned utility has filed for up to MXP50bn (3.8bn), and though the a size and timing of the first issuance have yet to be defined, the issuer is heard considering a 30-year sale with a 15-year average life. Banamex, BBVA Bancomer and Santander are managing the program, rated AAA.