January 9, 2013
Cemig Distribuicao is preparing to raise BRL1.6bn ($788m) in Brazil’s domes
Cemig Distribuicao is preparing to raise BRL1.6bn ($788m) in Brazil’s domestic bond market, it says. The distribution unit of utility Cemig plans three possible tranches, due 2018, 2021 and 2025. It does not give additional information on the sale, and a spokesman did not respond to a request for comment. Cemig raised BRL1.35bn through its Cemig Geraco e Transmissao unit in a 3-tranche deal in March 2012 managed by BTG, HSBC and Banco do Nordeste.