The Firm represented BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc., BBVA Securities Inc. and Santander Investment Securities Inc., among others, as initial purchasers, in connection with the offering by Comisión Federal de Electricidad (“CFE”) of US$850 million in aggregate principal amount of its 3.875% Notes due 2033.
The Notes were offered and sold in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended, and will be listed on the Official List of the Luxembourg Stock Exchange and to trading on the Euro MTF Market.
CFE is the national electricity company of Mexico and is 100% owned by the Mexican government. CFE has the exclusive right to transmit and distribute electricity in Mexico, and it generates most of the electricity consumed in Mexico.
The Simpson Thacher team included Juan Francisco Méndez, Kirsten L. Davis, Enrique Guijosa and Francisco Ducci (Capital Markets); and Michael Mann and Gurnaina Chawla (Tax).