EDP Brasil funds transmission lines

EDP Brasil funds transmission lines

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Electricity Rule 476 Brazil

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

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