CFE Files Domestic Shelf

Mexico’s Comision Federal de Electricidad (CFE) has filed a shelf to issue up to MXP100bn ($7.7bn) in the domestic bond market, according to regulatory documents. It has not yet indicated details of the first transaction. Banorte-Ixe, BBVA Bancomer, Santander and HSBC have been hired in association with the program. The government electricity monopoly’s most recent domestic bond was in June, when the issuer, rated AAA on a national scale, priced a MXP12bn ($911m) floating rate note via Banorte-Ixe, HSBC and Santander. CFE’s last foray into the international markets was a $750m 30-year bond done last year.