Power Plant Seeks Infrastructure Debenture

Power Plant Seeks Infrastructure Debenture

Brazil Bonds Project & Infrastructure Finance

Sponsors of the Termeletrica Pernambuco III power project plan to raise BRL300m ($135m) in infrastructure debentures in Brazil’s domestic bond market, according to regulatory documents. The project plans four series of 2025 inflation-linked debentures that vary slightly in their amortization schedule. The borrower expects to pay a fixed interest rate equal to that of the NTN-B government bond at the time of pricing plus up to 380bp. Investor meetings should start October 23, ahead of bookbuildin

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