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CFE achieves its first issuance of stock certificates with social and green approaches in the local market
11/19/2022 Since 1 year

The Federal Electricity Commission (CFE) of Mexico completed a placement of Stock Certificates (CEBURES) with social and green approaches for an amount in local currency equivalent to about 515 million dollars. The commitment established by the CFE is to allocate a similar amount of resources to social and green projects, being its first issuance with an Environmental, Social and Governance (ESG) approach in the public debt market in Mexico.

The transaction is comprised of four tranches: one in a variable format, another in a nominal fixed rate format and two in a UDIS rate format. The first two tranches target a social approach to finance projects for access to free or subsidized basic services, including internet provision and electricity supply. Meanwhile the tranches with a green scope will allow investments in renewable energy projects, energy efficiency, electro-mobility and green buildings, in accordance with the Reference Framework for Sustainable Financing of the State Productive Company (EPE), which is aligned with the United Nations Sustainable Development Goals (SDGs).

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