EDP prints dual-tranche debenture

EDP prints dual-tranche debenture

Brazil Bonds

Brazil’s Energias do Brasil (EDP) raised BRL340m ($108m) in dual-tranche 2022 debentures, according to local capital markets association Anbima. EDP Sao Paulo subsidiary priced a BRL150m 2022 note at 108.75% of the DI interbank lending rate, while fellow subsidiary EDP Espirito Santo raised BRL190m in 2022 paper at the same rate.   Moody’s gave the notes a preliminary rating of Aa1 on a local scale and said proceeds would refinance 2017 debt obligations, along with other working capital needs. T

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial