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Taesa Shrinks Local Bond Plans

Sep 12, 2012

Brazil’s Taesa plans to sell BRL1.6bn ($792m) in domestic bonds, according to a prospectus, reducing the target from a previously indicated BRL2.5bn. The transmission company owned by Cemig plans to hold a roadshow...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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