November 7, 2018 |
EDP Brasil said it has sold BRL1.2bn ($320m) in local debentures to finance the construction of new transmission lines in Brazil.
Itaú BBA coordinated the sale and priced the 10-year notes at 6.72% over the IPCA consumer price index, putting the cost of capital 3.34% over IPCA after tax, the energy company said in a statement.
EDP Aliança completed the transaction last week with guarantees from shareholders in EDP Brasil and the Santa Catarina state electricity utility Celesc. EDP Brasil owns 90
Energy company sells $320m in 10-year notes and raises 99% of the project costs on the local capital markets