The Federal Electricity Commission (CFE) announced that on January 28, it successfully issued two new benchmark bonds in the international financial markets, amounting to a total of 1.5 billion dollars. This significant financial maneuver is part of CFE's strategy to manage its liabilities in an efficient manner while also sourcing funds for future projects. The issuance was structured into two primary components: a standard eight-year bond and an amortizable bond with a much longer term.

The first component involved an eight-year bond with a coupon rate of 6.045%, which will be entirely dedicated to refinancing existing external debt. CFE utilized part of the proceeds to repurchase two prior bonds: one with a 4.75% coupon maturing in February 2027 and another with a 4.688% coupon due in May 2029. This refinancing effort is expected to streamline the commission’s debt profile and reduce overall interest payments, reflecting a strategic approach to debt management and financial stability.

The second component of the bond issuance involved a 25-year amortizable bond with a coupon rate of 6.500%, which has an average life of 12 years. The funds raised from this bond are earmarked for financing investment projects through 2026, indicating CFE's commitment to infrastructure development and enhancing the electricity sector in Mexico. This dual approach not only addresses immediate financial obligations but also lays the groundwork for future growth and investment in essential services.