CFE sets price for make-whole redemption of 4 7/8% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Nov. 29 – Mexico’s Comision Federal de Electricidad (CFE) announced the price for the make-whole redemption of all of its 4 7/8% notes due 2024 (Cusips: 200447AD2, P30179AM0), according to a notice.

The outstanding $387,065,000 of notes will be redeemed at par on Dec. 1. Accrued interest of $7,128,447.08, or approximately $18.42 per $1,000 principal amount of the notes, will also be paid.

As previously reported, the company had said it would pay a consideration based on a Treasuries plus 35 basis points make-whole premium and interest to the redemption date.

Either the company’s manager of financial planning or the trustee may be contacted for more information.

After redemption, the notes will no longer be listed in Luxembourg.

The state-owned electric utility is based in Mexico City.

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