CFE Capital Files with CNBV for New Fibra E Capital Offering

CFE Capital, the financial arm of Comisión Federal de Electricidad (CFE), on August 11 filed with the Comisión Nacional Bancaria y de Valores (CNBV) for authorization to conduct a follow-on public offering of its Fibra E certificates in Mexico, alongside an international private placement.

CFE Fibra E, the Energy and Infrastructure Investment Trust, is the only vehicle with access to revenues from the Red Nacional de Transmisión (RNT), a state-exclusive asset created under Mexico's 2013 energy reform. The offering is the first since the February 2018 IPO, which raised MXN$16.400 million. Net proceeds are earmarked to continue financing the expansion and modernization of that network, the company stated in the filing, also reported by Forbes México. The transaction brings in Bank of America, Citi, and Santander as global coordinators, channeling U.S. capital into the structuring of Mexican electric infrastructure debt.

The company's CFO, Eugenio Amador Quijano, had previously disclosed to Bloomberg Línea the intention to pursue a re-IPO of up to US$1.000 million in the second half of 2026. CFE has committed investments of US$30.000 million, of which US$8.500 million are directed at upgrading electrical networks in response to infrastructure saturation. Actinver and BBVA will participate as placement agents in Mexico, and BNP Paribas as intermediary in the international offering. According to the company, the acquisition immediately increases an investor's stake in the trust's cash flows, with returns from investment and no maturation or construction periods. The transaction will proceed only if all regulatory and corporate approvals are obtained, and its size will be subject to market conditions.

The next milestone is the CNBV's ruling on the filing, with the transaction subject to market conditions. In parallel, CFE plans to issue a second Fibra E by 2027, backed by electricity generation assets, a development worth monitoring in the financing of the system.

This article was drafted with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.