October 19, 2012
Brazil’s Eletropaulo has completed a BRL750m ($369m) domestic bond sale, ac
Brazil’s Eletropaulo has completed a BRL750m ($369m) domestic bond sale, according to regulatory documents. The 2018 debenture pays DI+1.24%, a level coming in line with a ceiling set last month, when the AES subsidiary raised the limit from DI+1.09%. The issuer elected not to exercise an overallotment. Proceeds are to be used to repay debt coming due in November, and for working capital. Bradesco and Itau managed the sale, rated Aa1 on a national scale.