December 1, 2017 |
Cemig's second attempt with bond buyers this year saw it raise $1bn in 2024 non-call six paper, just a few months after axing a planned cross-border bond sale.
The Brazilian energy power company retained Bradesco, Citi, Deutsche Bank and Itau BBA to lead the trade. The group started talks in the 10% area, DCM bankers confirmed.
Leads attracted over $4bn in orders and reeled the spread in by 50bp before pricing at par to yield 9.5%.
"We are not participating mainly because we would like to see so
Regional power company offers near double-digit yields for a $1bn 2024 ticket