Comisión Federal de Electricidad $1 billion bond issue

Overview:

• CFE(Comisión Federal de Electricidad), Mexico's state owned electricity company, has issued $1 billion in 4.750% notes due 2027.
• BBVA, Bank of America Merrill Lynch and Citigroup acted as joint lead managers and bookrunners. 
• The notes were considered public debt, according to a statement from Galicia Abogados.  
• A statement from Cleary Gottlieb Steen & Hamilton said that the CFE will use the funds raised from the notes for "working capital and general corporate purposes." 

Rani Mehta - Journalist