CFE Fibra E Raises Record US$725 Million in Global Bond Issue

CFE Fibra E, the only investment vehicle with access to Mexico’s National Transmission Network (RNT), successfully placed its first bond for US$725 million. The issue set records as the largest and most oversubscribed for any Fibra or Fibra E in Mexico, and the highest oversubscription of any Latin American issuer so far in 2025.

More than 200 investors from across the globe submitted purchase orders totaling US$6.3 billion, allowing the placement to increase by US$75 million from its original target. The bond closed with a 5.875% coupon, in line with a comparable CFE note, and remains within CFE Fibra E’s prudential financial framework.

The notes carry the same ratings as Mexico’s sovereign debt and CFE instruments, BBB from S&P Global Ratings and BBB- from Fitch Ratings, both with a stable outlook. The World Bank’s International Finance Corporation (IFC) participated as anchor investor, signaling the IFC’s confidence in Mexico’s transmission sector and in CFE’s long-term investment strategy.

Proceeds will strengthen the RNT and finance CFE’s 2025–2030 expansion plan, aimed at delivering reliable, efficient, and sustainable electricity nationwide. According to CFECapital, which manages the vehicle, the transaction enhances returns for holders while reinforcing Fibra E’s role in attracting private capital into strategic infrastructure.