The Firm represented BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc., among others, as initial purchasers, in connection with the offerings by Comisión Federal de Electricidad (“CFE”) of US$1.25 billion in aggregate principal amount of its 4.688% Sustainable Notes due 2029 and US$500 million in aggregate principal amount of its 4.688% Sustainable Notes due 2052.
CFE intends to use the net proceeds of the offering to finance or refinance, in whole or in part, new or existing Eligible Green Projects and Eligible Social Projects.
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 and Francisco Ducci (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).