The Federal electricity commission (CFE) announced on Thursday that it placed its first sustainable bond for 1.75 billion dollars to finance renewable energy projects.
The placement was made Tuesday in two tranches: one for $1.25 billion due in 2029 and the other for $500 million due in 2052. Rates are 275 basis points (bp) over comparable US Treasury bonds. for the shorter-term paper and 400 bp difference in the 30-year debt.
The operation had a demand of 2.1 times the amount issued and had the participation of more than 250 positions from different institutional investors, pointed out the CFE in a statement sent to the Mexican Stock Exchange (BMV).
“The resources of the issue will be used to finance investment projects and renewable energy and energy efficiency activities,” added the State production company, assuring that they will also serve to accelerate the energy transition and the reduction of greenhouse gas emissions. .
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