Overview
- Disbursement occurred on October 6 for the MXN 15,000 million sustainable CEBURES placed on September 30.
- The orderbook reached MXN 32,595 million (2.17x coverage), with participation from seven of ten Afores plus banks, insurers, public entities and development banks, ranking among the largest corporate books since 2020.
- Robust demand compressed average spreads by about 19 basis points across three tranches: 3 years (MXN 2.7bn, TIIE de Fondeo +49 bps), 10.5 years (MXN 4.8bn, MBono 2036 +145 bps) and 15 years (MXN 7.5bn, Udibono 2040 +115 bps).
- CFE said the transaction adds no net debt, with funds earmarked to cover a November CEBURES maturity and to refinance short‑term liabilities.
- The issuance carries local AAA ratings from Fitch, Moody’s and S&P; Banorte, BBVA, Santander and Scotiabank acted as bookrunners, and CFE committed to invest an equivalent amount in eligible green and social projects under its sustainable financing framework.