By Sarah Lizee
Olympia, Wash., March 5 – Comision Federal de Electricidad (CFE) placed $900 million 4.05% 30-year bonds (Baa1/BBB+/BBB) on Wednesday, according to a press release.
The main placement agent was HSBC Bank (Taiwan) Ltd., and the placing agents were HSBC Bank (Taiwan) Ltd., BNP Paribas SA, Taipei Branch and Deutsche Bank AG, Taipei Branch.
The Regulation S deal had an oversubscription of 34% and was attended by investors from Taiwan, Singapore, Germany, Denmark, Switzerland, France, Luxembourg and the United Kingdom.
Proceeds will be used for long-term productive infrastructure projects.
CFE is a Mexico City-based electric company.
| Issuer: | Comision Federal de Electricidad
|
| Issue: | Bonds
|
| Amount: | $900 million
|
| Maturity: | March 2050
|
| Agents: | HSBC Bank (Taiwan) Ltd. (main), HSBC Bank (Taiwan) Ltd., BNP Paribas SA, Taipei Branch and Deutsche Bank AG, Taipei Branch
|
| Coupon: | 4.05%
|
| Placement date: | March 4
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
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