Neoengergia Generator Plots Domestic Bonds

Neoengergia Generator Plots Domestic Bonds

Brazil Bonds

Termopernambuco, an electric generation subsidiary of Brazil’s Neoenergia, is preparing to raise BRL800m ($343m) in the domestic bond market, it says. The plan is for three tranches with the amounts and interest rates to be set during a bookbuidling process. A 2017 tranche would pay the DI plus up to 0.85% and amortize in equal parts in 2016 and 2017. A 2019 tranche would pay the DI plus up to 1.00% and amortize in equal parts in each of the final three years. A third 2021 inflation-linked tranc

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