AES Brasil looks at infra debenture as BNDES hikes rates

AES Brasil looks at infra debenture as BNDES hikes rates

Bonds Project & Infrastructure Finance

Electricity generator and distributor AES Brasil is looking at selling an infrastructure debenture, which could be some 100bp cheaper than a regular bond, the firm's chief financial officer told LatinFinance. The tax-advantaged instruments are more complicated than plain debentures to issue because the finance ministry needs to formally recognize the borrower as an infrastructure firm. But, as well as offering cheaper financing, the instruments broaden a company’s investor base, Gustavo Pimenta,

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