December 24, 2018 |
Celeo Redes Transmissão has sold BRL565m ($145m) in debentures in Brazil, according to the local capital markets association Anbima.
The underwriter BTG Pactual priced the five-year notes to 100.75% of the DI interbank lending rate.
Celeo Redes has set aside the money to pay off loans from Brazil's national development bank BNDES and pay dividends to the parent company, Celeo Redes Brasil, according to S&P Global Ratings.
S&P gave the debentures a brAAA rating with a stable outlook on
Power transmission company raises $145m to pay back BNDES