CBFEs are divided into two series: Series “A” and Series “B”. The Series “A” certificates (853,195,411) represent 75% of them and correspond to the investing public. The Series “B” certificates (284,398,471) represent 25% and belong to the CFE and CFE Transmission.
Each quartely distribution, a deposit is made directly to your investment account within your brokerage firm, which you can use for the purpose you require.
The only requirement is to have an investment contract with a Brokerage House approved by the National Banking and Securities Commission (CNBV).
This question depends a lot on the brokerage house. Most of them require a minimum investment.
Total return refers to the sum of the benefit or utility obtained by adding:
1) The return obtained from cash distributions delivered quarterly, and,
2) The return obtained from the price appreciation that was observed in the selected period.
The price of CBFE basically depends on supply and demand. Which in turn depend on different factors such as performance expectations and growth in consumption and demand for electrical energy, including the macroeconomic context. The growth of maximum demand and consumption of electrical energy is subject to different factors, the most determining of which are: economic growth, population growth, seasonality, fuel prices, electrical energy prices, energy efficiency, etc.
The price of the CFE FIBRA E certificate, as well as other FIBRAs are listed on the Mexican Stock Exchange. It can be monitored through your brokerage house.
The Energy and Infrastructure Trust Certificates are equivalent to share certificates, which grant investors the right to receive the recurring distributions that are carried out.
There are government bodies that review and regulate the activities of the CFE FIBRA E to protect the interests of investors, such as the different Committees that are made up of independent members and representatives of the CFE.
Since 2018, the CBFEs of CFE FIBRA E have been listed on the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (BIVA), under the ticker code “FCFE18”.
To invest in the CFE FIBRA E there is no specific requirement and since it is an instrument that is listed on the Mexican Stock Exchange, the process is through a bank or brokerage house through an intermediation contract, or, in one of the online investment platforms. The ticker code of the instrument is FCFE18.
It is a Mexican energy and infrastructure investment trust or FIBRA E, established by the CFE, whose main objective is to make investments in Eligible Entities. It is managed by the CFE subsidiary, CFECapital, S. de R.L. de C.V., as Trustor and Administrator; CIBanco, SA, Multiple Banking Institution as Trustee; and Monex Casa de Bolsa, SA de CV, Monex Grupo Financiero, as Common Representative of the Holders.
Limited Liability Company with Variable Capital, legally created and existing in accordance with the laws of Mexico, established by the Federal Electricity Commission for the purpose of carrying out the administration of all types of trusts and their assets, including investment trusts in energy and infrastructure.
Assembly of Holders installed and held that will represent the group of Holders of all series of CBFEs issued and, in everything that does not contravene the provisions of the Issuer Trust Contract, will be governed by the provisions contained in Articles 218, 219, 220 , 221, 223 to 227 and other correlative articles of the LGTOC, and in accordance with the provisions contained in Article 68 of the LMV and Article 7 section VIII of the Single Circular of Issuers.
Mexican Stock Exchange, S.A.B. de C.V.
Any company authorized to operate as a stock exchange in Mexico or any other jurisdiction, including the Mexican Stock Exchange and the Institutional Stock Exchange, SA de CV
Copper or aluminum cables through which electricity is transmitted at 115 kV, also known as medium voltage cable.
Copper or aluminum cables through which electricity is transmitted at 230 kV.
Copper or aluminum cables through which electricity is transmitted at 34.5 kV.
It means, jointly, the Series "A" CBFEs and the Series "B" CBFEs that are issued by the Issuing Trustee in the Issuance.
Trust Certificates for Investment in Energy and Infrastructure with full voting rights issued by the Issuing Trustee under this placement prospectus.
They mean the Energy and Infrastructure Investment Trust Certificates with full voting rights and economically subordinated to the Series A CBFEs with respect to the Quarterly Minimum Distribution and will be issued by the Issuing Trustee and delivered as part of the consideration to CFE Transmisiones.
National Energy Control Center.
It is an installation that generates electricity through the wind. Wind energy takes advantage of the flow of primary energy in the atmosphere generated by the uneven heating of the earth's surface by the sun. Therefore, wind energy is an indirect way of taking advantage of solar energy. Wind energy is converted into electrical energy using wind turbines.
It is a facility that generates electricity using solar radiation from the sun. The ability to take advantage of sunlight and use that energy to generate electricity is achieved through various methods, one of them is through the use of photovoltaic cells. Solar energy through photovoltaic cells is created directly by transforming the sun's energy into electricity. The vast majority of photovoltaic cells are made of silicon semiconductors and interact with photo incoming cells to generate electricity.
A power plant is an industrial facility that generates electricity from primary energy. Most power plants use one or more generators that convert mechanical energy into electrical energy.
Federal Electricity Commission.
Subsidiary productive company of the CFE responsible for the transportation of electrical energy.
National Baking and Stock Commission.
Committee appointed by the Technical Committee in terms of clause XII of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Committee appointed by the Technical Committee in terms of clause XI of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Committee appointed by the Technical Committee in terms of clause XIII of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Committee designated in accordance with the provisions of article 80, third paragraph, of the LIC, in terms of clause X of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Committee appointed in accordance with the provisions of article 80, third paragraph, of the LIC, in terms of clause VII of the Promoted Trust Agreement.
Administration Agreement and its respective annexes, as modified from time to time, executed between the Administrator and the Issuing Trustee.
Irrevocable Trust Agreement Number CIB/2919 and its respective annexes, as amended from time to time, entered into between the Administrator in his capacity as trustor and CI Banco, SA, Institución de Banca Múltiple, in his capacity as trustor. trust.
Irrevocable Trust Agreement for Administration and Source of Payment Number 80758 and its respective annexes, as each may be modified from time to time, entered into between CFE Transmisiones in its capacity as Trustor and Trustee, and Nacional Financiera, Sociedad Nacional de Crédito , Development Banking Institution, in its capacity as Trustee.
Energy Regulatory Commission
Each and every one of the collection rights, present and future, that CFE Transmisiones has against CENACE in accordance with the CENACE Agreement; in the understanding that CENACE has the right and is empowered to deduct from the payments made under said collection rights, the penalties, compensation or reliquidations that, where appropriate, proceed in accordance with the applicable regulations and the CENACE Agreement itself. The Collection Rights currently represent 100% of CFE Transmission's profits derived from Transmission Rates and electric energy volumes.
Trustee Rights of the Initial Promoted Trust, as well as any other Trustee Rights of the Promoted Trust, which are acquired from time to time by the Issuing Trustee in accordance with the prior instructions of the Administrator.
Tax provisions applicable to the Energy and Infrastructure Investment Trusts contained in the LISR, the RMF and any other tax provision applicable to the Energy and Infrastructure Investment Trusts or to the parts of said trusts, or any other provisions that replace or modify them at any time.
Distribution for an initial amount of $0.575 pesos for each CBFE in circulation to be carried out quarterly in accordance with the terms and conditions established in the Issuer Trust Agreement.
Any distribution made by the Issuing Trust to the Holders of the CBFEs.
Means each and every one of the amounts of money received by the Issuing Trust derived from dividends, distributions, reductions, reimbursements, amortizations or any other distributions of capital, products, amounts, or other considerations of any nature payable in cash, derived from or related to the participations, or resources from the disinvestment or sale, of the Issuing Trust in any Eligible Entity.
A financial ratio showing the return on investor good earn from an investment based solely on its dividend payment.
Issuance of the CBFEs carried out by the Issuing Trustee in terms of the Trust Agreement.
By its intials in Spanish means: State Productive company.
By its intials in Spanish means: Subsidiary Productive Company of the CFE.
Last Business Day of each month of March, June, September and December from the Issue Date.
Irrevocable Trust Number CIB/2919, established through the Issuer Trust Agreement.
Irrevocable Trust for Administration and Source of Payment Number 80758, established through the Promoted Trust Agreement.
Nacional Financiera, National Credit Society, Development Banking Institution, or any Person that replaces this Trustee in accordance with the terms of the Promoted Trust Agreement.
It means CIBanco, SA, Institución de Banca Múltiple, or any Person that replaces said trustee in accordance with the terms of the Issuer Trust Agreement.
Team of professionals of the Administrator, with the understanding that the number of Key Officials may increase or decrease from time to time. The initial Key Officials may be replaced in accordance with the provisions of the Issuer Trust Agreement and the Administration Agreement.
In relation to the Issuing Trust, all expenses, commissions, fees and other payments related to its maintenance.
Instruction issued by CFE Transmission, which indicates the reimbursements to be made by the Trustee of the Promoted Trust charged to each of the accounts of the Promoted Trust, the instruction is carried out in accordance with the corresponding Annual Budget and these reimbursements were for costs, expenses or investments incurred by CFE Transmission during the period in question, and for the concepts that are reimbursable in accordance with the terms of the Promoted Trust Agreement.
Income Tax in accordance with the Mexican Income Tax Law.
Value added tax on any payment established by any Government Authority or the tax that replaces it.
Thousand Volts
Thousand Watts
One thousand watt-hours
With respect to any circumstance described in the Trust Agreement, any laws, rules, regulations, codes, and other general provisions applicable in Mexico to this circumstance, as well as orders, decrees, judgments, judicial mandates, notices or valid agreements and current regulations issued, promulgated or celebrated by any Government Authority that are applicable.
It is a medium voltage network in an electrical distribution system that operates at voltage levels of 34.5 kV. These voltage levels are in the intermediate range between high and low voltage, which makes them ideal for carrying electricity from high voltage substations to consumer areas, such as industries, companies and residential areas.
Transmission lines have different voltage levels, that is, levels of force with which electrons move in an electrical circuit and is measured in volts. Transmission line voltage levels range from 69 kV to 400 kV.
The amount to be calculated by the Manager at least 7 business days prior to each Distribution Date, wich is equal to the Distributable Amount for each quarter divided by the distribution ratio.
The amount we receive from the distributions made by the Promoted Trust, plus the earnings from our other permitted investments, minus the FIBRA E Trust Agreement expenses and the principal and interest from indebtedness incurred by us, in each case for the applicable quarter.
Million Volt Amperes.
Million Watts.
Million Watts per Hour.
Bringing production closer to the territory of consumption.
Jointly the Offer in Mexico and the Offer Abroad.
For each calendar year, the budget that includes an estimated quarterly breakdown of the Administrator's Expenses, which is prepared annually by the Administrator and sent to the Conflict Committee for review and, if necessary in accordance with the terms of the Administration Agreement , approval and to the Trustee of the Issuing Trust for your information and application.
Program for the Development of the National Electrical System.
It means the CBFE placement prospectus.
It is the profitability obtained on an investment.
They are one of the subsystems that make up the electrical system, their function is to modify the parameters of the energy to make its transmission and distribution possible.
Each Holder of CBFEs.
With respect to each series of CBFEs issued by the Trust in accordance with the terms of the Trust Agreement, the global title that documents the CBFEs of these series
Copper or aluminum cables through electricity which is transmitted at 115 kV, also known as medium voltage cable.
Copper or aluminum cables through electricity which is transmitted at 230 kV.
Copper or aluminum cables through electricity which is transmitted at 34.5 kV.
It is a medium voltage network in an electrical distribution system that operates at voltage levels of 34.5 kV. These voltage levels are in the intermediate range between high and low voltage, which makes them ideal for carrying electricity from high voltage substations to consumer areas, such as industries, companies and residential areas.
Administration contract and its respective annexes, as amended from time to time, executed between the Administrator and the Issuing Trustee.
Limited Liability Company with Variable Capital, legally constituted and existing in accordance with the laws of Mexico, established by the Federal Electricity Commission for the purpose of carrying out the administration of all types of trusts and their assets, including investment trusts in energy and infrastructure.
For each calendar year, the budget that includes an estimated quarterly breakdown of the Administrator's Expenses, which is prepared annually by the Administrator and sent to the Conflict Committee for review and, if necessary in accordance with the terms of the Administration Agreement, approval and to the Trustee of the Issuing Trust for your information and applications.
The amount to be calculated by the Manager at least 7 business days prior to each Distribution Date, which is equal to the Distributable Amount for each quarter divided by the distribution ratio.
With respect to any circumstance described in the Trust Agreement, any laws, rules, regulations, codes, and other general provisions applicable in Mexico to this circumstance, as well as orders, decrees, judgments, judicial mandates, notices or valid agreements and current regulations issued, promulgated or celebrated by any Government Authority that is applicable.
Committee appointed by the Technical Committee in terms of clause XII of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Mexican Stock Exchange, S.A.B. de C.V.
Means each and every one of the amounts of money received by the Issuing Trust derived from dividends, distributions, reductions, reimbursements, amortizations or any other distributions of capital, products, amounts, or other considerations of any nature payable in cash, derived from or related to the participations, or resources from the disinvestment or sale, of the Issuing Trust in any Eligible Entity.
It means, jointly, the Series "A" CBFEs and the Series "B" CBFEs that are issued by the Issuing Trustee in the Issuance.
National Energy Control Center.
Federal Electricity Commission.
Subsidiary Productive Company of the CFE, responsible for the transportation of electrical energy.
National Baking and Stock Commission.
Present and future collection rights that CFE Transmission has under the CENACE Agreetment, subject to CENACE's rights and authority to the deduct from any the payments there under all amounts releasable to penalties, indemnities and subsequent liquidations pursuant to applicable legislation and the terms of the CENACE agreement . The Collection Rights currently represent 100% of CFE Transmission's revenues from transmission tariffs. The Collection Rights currently represent 100% of CFE Transmission's profits derived from Transmission Rates and electrical energy volumes.
Committee appointed by the Technical Committee in terms of clause XI of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Energy Regulatory Commission
The amount we receive from the distributions made by the Promoted Trust, plus the earnings from our other permitted investments, minus the FIBRA E Trust Agreement expenses and the principal and interest from undebtedness incurred by us, in each case for the applicable quarter.
Last Business Day of each month of March, June, September and December from the Issue Date.
Any distribution made by the Issuing Trust to the Holders of the CBFEs.
A financial ratio showing the return on investor good earn from an investment based solely on its dividend payment.
By its intials in Spanish means: State Productive company.
Subsidiary Productive Company of the CFE, responsible for the transportation of electrical energy.
Tax provisions applicable to energy and infrastructure investment trusts contained in the LISR, in the RMF and in any other tax provision applicable to energy and infrastructure investment trusts or to the parts of these trusts, or any other provisions that replace or modify them at any time .
A power plant is an industrial facility that generates electricity from primary energy. Most power plants use one or more generators that convert mechanical energy into electrical energy.
Jointly the Offer in Mexico and the Offer Abroad.
An individual or entity that owns the securities or other assets in a portfolio or account. This term is offen used interchangeably with investor or shareholder.
Assembly of Holders installed and held that will represent the group of Holders of all series of CBFEs issued and, in everything that does not contravene the provisions of the Issuer Trust Contract, it will be governed by the provisions contained in Articles 218, 219, 220 , 221, 223 to 227 and other correlative articles of the LGTOC, and in accordance with the provisions contained in Article 68 of the LMV and Article 7 section VIII of the Single Circular of Issuers.
Issuance of the CBFEs carried out by the Issuing Trustee in terms of the Trust Agreement.
Income Tax in accordance with the Mexican Income Tax Law.
Irrevocable Trust Contract Number CIB/2919 and its respective annexes, as amended from time to time, entered into between the Administrator in his capacity as Trustor and CI Banco, SA, Institución de Banca Múltiple, in his capacity as a Fiduciary.
It means CIBanco, SA, Institución de Banca Múltiple, or any Person that replaces this Trustee in accordance with the terms of the Issuer Trust Agreement.
Irrevocable Trust Number CIB/2919, established through the Issuer Trust Agreement.
Thousand Volts
Team of professionals of the Administrator, with the understanding that the number of Key Officials may increase or decrease from time to time. The initial Key Officials may be replaced in accordance with the provisions of the Issuer Trust Agreement and the Administration Agreement.
Thousand Watts
One thousand watt-hours
In relation to the Issuing Trust, all expenses, commissions, fees and other payments related to its maintenance.
Distribution for an initial amount of $0.575 Mexican Pesos for each CBFE in circulation to be carried out quarterly in accordance with the terms and conditions established in the Issuer Trust Agreement.
Million Volt Amperes.
Million Watts.
Million Watts per Hour.
Bringing production closer to the territory of consumption.
Committee appointed by the Technical Committee in terms of clause XIII of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
It is a facility that generates electricity using solar radiation from the sun. The ability to take advantage of sunlight and use that energy to generate electricity is achieved through various methods, one of them is through the use of photovoltaic cells. Solar energy through photovoltaic cells is created directly by transforming the sun's energy into electricity. The vast majority of photovoltaic cells are made of silicon semiconductors and interact with photo incoming cells to generate electricity.
Program for the Development of the National Electrical System.
Irrevocable Trust for administration and source of payment number 80758, established through the Promoted Trust Agreement.
Irrevocable Trust Contract for Administration and Source of Payment Number 80758 and its respective annexes, as each may be modified from time to time, entered into between CFE Transmisiones in its capacity as Trustor and Trustee, and Nacional Financiera, Sociedad Nacional de Crédito, Development Banking Institution, in its capacity as Fiduciary.
It means the CBFE placement prospectus.
Instruction issued by CFE Transmission, which indicates the reimbursements to be made by the Trustee of the Promoted Trust charged to each of the accounts of the Promoted Trust, the instruction is carried out in accordance with the corresponding Annual Budget and these reimbursements were for costs, expenses or investments incurred by CFE Transmission during the period in question, and for the concepts that are reimbursable in accordance with the terms of the Promoted Trust Agreement.
Trust stock certificates for investment in energy and infrastructure with full voting rights issued by the Issuing Trustee under this placement prospectus.
Trust stock certificates for investment in energy and infrastructure with full voting rights and economically subordinated to the Series "A" CBFEs with respect to the Minimum Quarterly Distribution and will be issued by the Issuing Trustee and delivered as part of the consideration to CFE Transmission. These certificates belong to CFE and CFE Transmission.
With respect to each series of CBFEs issued by the Trust in accordance with the terms of the Trust Agreement, the global title that documents the CBFEs of these series
Any company authorized to operate as a stock exchange in Mexico or any other jurisdiction, including the Mexican Stock Exchange and the Bolsa Institucional de Valores, SA de CV
They are one of the subsystems that make up the electrical system, their function is to modify the parameters of the energy to make its transmission and distribution possible.
Committee designated in accordance with the provisions of article 80, third paragraph, of the LIC, in terms of clause X of the Trust Agreement and which will form part of the corporate governance of the Issuing Trust.
Committee appointed in accordance with the provisions of article 80, third paragraph, of the LIC, in terms of clause VII of the Promoted Trust Agreement.
Transmission lines have different voltage levels, that is, levels of force with which electrons move in an electrical circuit and is measured in volts. Transmission line voltage levels range from 69 kV to 400 kV.
Nacional Financiera, National Credit Society, Development Banking Institution, or any Person that replaces this Trustee in accordance with the terms of the Promoted Trust Agreement.
Trustee Rights of the Initial Promoted Trust, as well as any other trust rights of the Promoted Trust, which are acquired from time to time by the Issuing Trustee in accordance with the prior instructions of the Administrator.
Value added tax on any payment established by any Government Authority or the tax that replaces it.
It is an installation that generates electricity through the wind. Wind energy takes advantage of the flow of primary energy in the atmosphere generated by the even heating of the earth's surface by the sun. Therefore, wind energy is an indirect way of taking advantage of solar energy. Wind energy is converted into electrical energy using wind turbines.
It is the profitability obtained on an investment.
Avenida Paseo de la Reforma 412
Juárez, Cuauhtémoc, Mexico City,
Mexico. CP 0600, Floor 27 A