Cemig Looks to Continue Local Funding

Cemig Looks to Continue Local Funding

Brazil Bonds

Cemig Distribuicao, the distribution arm of Companhia Energetica de Minas Gerais (Cemig), will issue additional local debt this year, Paulo Pereira, superintendent of corporate financial management, tells LatinFinance. The official declines to provide details on the timing or size of any deal, but says Cemig will continue to rely on capital markets for promissory notes and debentures, which have proved successful tools for the company. Pereira expects the bond market to open up for longer tenors

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