By Rebecca Melvin
New York, Feb. 16 – Comision Federal de Electricidad (CFE) priced $727 million of 5% Formosa bonds due March 2048 this week, according to a market source.
The bonds were issued in the Taiwan market but denominated in U.S. dollars.
Barclays and Morgan Stanley were the bookrunners for the deal.
CFE is a Mexico City-based electric company.
| Issuer: | Comision Federal de Electricidad (CFE)
|
| Amount: | $727 million
|
| Maturity: | March 2048
|
| Description: | Formosa bonds
|
| Bookrunners: | Barclays and Morgan Stanley
|
| Co-manager: | HSBC
|
| Coupon: | 5%
|
| Announcement date: | Feb. 16
|
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