CFE Nears MXP Sale

CFE is planning to issue up to MXP17bn ($1.3bn) in Mexico’s domestic bond market on Thursday. The expected pricing date was originally Wednesday. The 30-year fixed-rate transaction has a 15-year average life, according to market participants. The proceeds will be used to finance expenses related to the La Yesca hydroelectric power project. Banamex, BBVA Bancomer and Santander are managing the transaction, rated AAA on a national scale.