April 1, 2013
Brazil’s CPFL Energia is preparing to issue BRL1.09bn ($542m) in domestic b
Brazil’s CPFL Energia is preparing to issue BRL1.09bn ($542m) in domestic bonds at its CPFL Geracao unit, it says. The 2018 bonds pay the DI+1.4%, and amortize in equal parts in years four and five. The generator is raising funds to repay debt. The lead bank is still to be mandated, according to company documents, and officials were unavailable for additional comment. The sale is to be done under the rule 476 restricted format. CPFL and its subsidiaries are rated AA+ on a national scale.