Cemig prices bond at second attempt

Cemig prices bond at second attempt

Bonds Debt Capital Markets Brazil

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

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