Mexico’s CFE accepts tenders for 37.06% of certificados bursatiles

Chicago, Dec. 9 – Comision Federal de Electricidad announced the results of its tender offer to purchase up to Ps. 10.5 billion outstanding principal amount, or 105 million, of its 7.35% certificados bursatiles due 2025 (ISIN: MX95CF050047), according to a press release.

Valid tenders were received from holders representing 37.06% of the Cebures, or 77,823,926 Cebures for Ps. 7,782,392,600 total principal amount.

All of the Cebures have been accepted for purchase.

Holders will receive an amount in cash for each Ps. 100 principal amount equal to the present value on the settlement date of each of the pending payments of principal and interest.

The payment will be discounted at a rate equal to the sum of the annual rate of return of the MBono due on March 5, 2026 plus 145 basis points. The discounted rate was 7.1% on Dec. 8.

Accordingly, holders will receive Ps. 95.994419 per Ps. 100 principal amount. Interest will also be paid to the settlement date.

Settlement is still expected for Dec. 13.

The offer expired at 1 p.m. ET on Dec. 8.

Casa de Bolsa BBVA Mexico, SA de CV, Grupo Financiero BBVA Mexico is the intermediary for the offer in Mexico (liq.intermediarios.group@bbva.com, +55 5621-9135, +55 5621-9148).

Lucid Issuer Services Ltd. is the information agent (+44 20 7704 0880, cfe@lucid-is.com, https://deals.lucid-is.com/cfe).

CFE is a Mexico City-based electric company.

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