October 15, 2012
Brazil’s Eletropaulo is heard setting the price for a debenture sale expect
Brazil’s Eletropaulo is heard setting the price for a debenture sale expected to raise BRL750m ($368m). The DI+1.25% level comes in line with a ceiling set last month, when the AES subsidiary raised the limit from DI+1.09%. The 2018 bond is able to be upsized by 15%. Proceeds are to be used to repay debt coming due in November, and for working capital. Bradesco and Itau are managing the sale, rated Aa1 on a national scale.