Domestic Buyers Charged up for Cemig Bond
Mar 5, 2013
Brazil’s Cemig has concluded pricing on a well-bid BRL2.16bn ($1.11bn) domestic bond sale, according to people following the deal, upsizing by the maximum possible BRL560m amount. The debentures issued through the Cemig Distribuicao unit received nearly 2.25x demand and clinched pricing well within the pre-transaction ceilings. A BRL411m 2018 tranche pays the DI+0.69%, inside a 0.73% ceiling. A BRL1.10bn 2021 inflation-linked portion pays 4.70%, inside a 5.20% limit, and amortizes in three equal parts during the final three...
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