Brazilian Debenture Pipeline Builds (1)

Brazilian Debenture Pipeline Builds (1)

Brazil

Meanwhile, the Brazilian local bond market is expected to continue to churn out new deals, seemingly unhindered by international market conditions. Power company Coelba plans to sell up to BRL354m in 2014 debentures on January 12 via Itau, Citi and Unibanco. The notes will repay existing debt and pay interest at DI plus 60bp. Another generator, CPFL’s Rio Grande Energia has launched a program to sell BRL380m in 2013 debentures in up to five issues through April. The notes, to be sold through Bra

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