CFE ANNOUNCES EARLY TENDER RESULTS FOR ITS PREVIOUSLY ANNOUNCED TANDRA TENDER OFFER | News

MEXICO, June 2, 2022 / PRNewswire / – Federal Electricity Commission (“CFE“or”The company“), a manufacturing state-owned enterprise of the Federal Government of the United Mexican States (“Mexico“) announced today the early results of the tender of its previously announced tender offer for the purchase for cash of its series of banknotes, shown in the table below (all such banknotes together,”Notes“and everyone”TV series(notes) at the aggregate purchase price, excluding accrued and unpaid interest, up to 1,000,000,000 US dollarson the terms and in accordance with the terms set forth in the date of purchase offer May 19, 2022 (because it may be amended or supplemented from time to time, “Offer to purchase) and subject to (1) maximum batch accounting for the 4,875% 2024 banknotes listed in the table below, (2) the priority level of acceptance of each series of Notes and (3) the possible proportion, each as described herein and in the purchase offer. .

The following table provides some information relevant to the Offer, including the principal amount of Notes provided on or before 17:00 (New York time) on June 2, 2022 (“Early tender date“):

The name of security

CUSIPs

ISIN

The principal amount

Outstanding

Acceptance

Priority level

Maximum per series

Consideration

The principal amount

Held on or before

Early tender date

4.875% Bonds until 2024

200447 AD2;

P30179 AM0

US200447AD28;

USP30179AM09

1,250,000,000 US dollars

1

$ 500,000,000

$ 380,312,000

6,125 th most common% Notes to 2045

200447 AE0;

P30179 AR9

US200447AE01;

USP30179AR95

$ 700,000,000

2

N / A

81,692,000 US dollars

5,750 th most common% Notes to 2042

200447 AC4;

P30179 AK4

US200447AC45;

USP30179AK43

$ 750,000,000

3

N / A

186,429,000 US dollars

4,677 th most common% of notes to 2051

200447 AJ9;

P29595 AE8

US200447AJ97;

USP29595AE80

$ 800,000,000

4

N / A

$ 187,273,000

4.75% Bonds payable in 2027

200447 AF7;

P29595 AB4

US200447AF75;

USP29595AB42

1,000,000,000 US dollars

5

N / A

$ 185,032,000

3.348% Bonds until 2031

200447 AH3;

P29595 AD0

US200447AH32;

USP29595AD08

$ 1,200,000,000

6

N / A

$ 208,866,000

Under the terms and conditions set forth in the Purchase Offer, the CFE intends to accept for purchase all notes that were valid for the tender on or before the early date of the tender, immediately after determining the tender remuneration payable for each $ 1,000 the principal amount of each series of Notes submitted to the tender and not withdrawn on or before the earlier date of the tender (“Early tender consideration“). Immediately after 11:00 a.m. (New York time) tomorrow, June 3, 2022The CFE expects to publish a press release stating, inter alia, (i) the total principal amount of the Notes accepted in the Proposal, (ii) the early tender consideration to be paid for each series of Notes adopted in the Proposal, and (iii) the aggregate purchase price, excluding accrued and unpaid interest, which is expected to be paid for each series of Notes accepted in the Offer.

The right to withdraw the Proposal has expired in 17:00 (New York time) on June 2, 2022. The offer will expire in 23:59 (New York time). June 16, 2022unless the CFE is not extended in its sole discretion.

All the conditions described in the purchase offer, which had to be met or canceled on or before the date of the early tender, were met.

* * *

CFE retains BBVA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Mizuho Securities USA LLC will act as dealer managers in connection with the offer (“Dealer managersAny questions or requests for assistance regarding the offer may be directed to dealer managers for their contact information below.

BBVA Securities Inc.

1345 Avenue of America

New York, NY 10105

United States of America

Attention: responsibility management

Free phone: +1 800-422-8692

Collect: +1 212-728-2446

Citigroup Global Markets Inc.

388 Greenwich Street, 4th Floor Trading

New York, New York 10013

United States of America

Attention: responsibility management

Toll-free number: +1 800-558-3745

Collect: +1 212-723-6106

Deutsche Bank Securities Inc.

1 Columbus circle

New York, New York 10019

United States of America

Note: Responsibility Management Group

Toll-free number: +1 855-287-1922

Collect: +1 212-250-7527

Mizuho Securities USA LLC

1271 Ave. of America

New York, New York 10020

United States of America

Attention: responsibility management

Toll-free number: +1 866-271-7403

Collection: +1 212-205-7736

Copies of the purchase offer can be obtained from Global Bondholder Services Corporation, the tender agent (“Tender agent“) and information agent (“Information agent“) for the offer by phone +1 (855) 654-2015 (free) or +1 (212) 430-3774 (pick up).

Disclaimer

This press release needs to be read in conjunction with the purchase offer. This is an ad and offer to The purchase contains important information that must be read carefully before making any decision regarding Offer. If any Note holder is in doubt as to what action he should take, it is advisable to consult your own legal, tax, accounting and financial advice, including on any tax implications, immediately from a stockbroker, bank a manager, lawyer, accountant or other independent financial or legal advisor. Any person or company whose Notes are kept on his behalf by a broker, dealer, bank, custodian, trusted company or other nominee or intermediary must contact such an organization if it wishes to participate in the Offer. None of the company, Deler Mangers, Tender agent and Information agent and any person who controls or is a director, officer, employee or agent with any such a person or any affiliated person any such a person makes any recommendations as to whether the owners of the Note should take part in the Proposal.

The offer to purchase was not submitted to the U.S. Securities and Exchange Commission, nor was it submitted or considered by any federal or state securities commission or regulatory authority of any country. No authority has transmitted the accuracy or adequacy of the Offer to Purchase, and it is illegal and may be a criminal offense to make any allegation otherwise.

THE INFORMATION CONTAINED HERE AND IN THE PURCHASE OFFER IS IN THE SOLE RESPONSIBILITY OF THE CFE AND HAS NOT BEEN REVIEWED OR AUTHORIZED BY THE MEXICAN NATIONAL BANKING BANKING ANDNATIONAL COMMISSION OF BANKING AND VALORES, OR “CNBV”). CFE HAS NOT SUBMITTED AND WILL NOT SUBMIT TO CNBV AN APPLICATION FOR AN ACQUISITION. THE PROPOSAL IS NOT A PUBLIC PROPOSAL (PUBLIC OFFER) OF ANY KIND (INCLUDING AN ADVERTISING PUBLIC OFFER) У MEXICO AND IT MAY NOT BE PUBLICLY DISTRIBUTED IN MEXICO. THE OFFER CAN BE AVAILABLE ONLY IN MEXICO INVESTORS WHO QUALIFY AS INSTITUTIONAL OR ACCREDITED INVESTORS (INVESTMENT INSTITUTIONS OR CALIFICATED INVESTMENTS), ONLY AGAINST DEPOSIT FOR A PRIVATE PROPOSAL HELD IN NUMBER AND ARTICLE 8 OF THE MEXICO MARKET ON THE SECURITIES MARKET OF MEXICO (LEY DEL VALORES MARKET). TO DECIDE WHICH THEY WILL SUBMIT ANY OF THEIR APPLICATIONS, ALL HOLDERS SHOULD ACCEPT THEIR OWN CONSIDERATIONS AND CONSIDER THE TERMS OF THE PROPOSAL. CFE CNBV’s CNBV on the results of the proposal only for information and statistical tanks, and Padinka or receiving CNBV such a notice is not the case with any certification, certification question, certification, ask S.’s investment or the prescription information conducted here.

The offer is made exclusively on the terms set out in the offer to buy. Under no circumstances shall this press release constitute an offer to purchase or demand an offer to sell the Notes or any other securities of the Company or any of its subsidiaries. The Offer is not made and will not be accepted by the Company for tenders for notes from holders in any jurisdiction in which the Offer or its acceptance will not comply with the securities or blue sky laws of such jurisdiction.

Statements about the future

The statements in this press release may be statements that look to the future. Forward-looking statements are non-historical information about future events and are subject to risks and uncertainties. There can be no assurance that the transactions described in this document will be completed or regarding the final terms of such transactions. CFE undertakes no obligation to publicly update or revise any forward-looking statements, as a result of new information or future events or for any other reason.

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SOURCE Federal Commission on Electricity

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