November 8, 2018 |
Cemig Geração e Transmissão (Cemig GT), the generation and transmission subsidiary of the Minas Gerais state power, has reacquired BRL132m ($35.2m) in debentures.
The buyback shows Cemig GT's "commitment to reduce debt, increase profitability and enhance its credit quality," Cemig said in a statement.
Cemig GT sold BRL1.4bn in four-year notes in December 2014 at 170bp over the DI interbank lending rate. BB Investimentos, the investment banking division of the state-owned lender Banco do Brasil,
Minas Gerais state power company repurchases $35m in debentures due in December this year