December 4, 2018 |
Chile's Celeo Redes has raised BRL225m ($58.8m) from its first debenture sale in Brazil, according to the local capital markets association Anbima.
The power transmission company sold the six-month notes at 115% of the DI interbank lending rate. Itaú BBA led the deal under Brazil's Rule 476.
A local subsidiary, Celeo Redes Transmissão, has planned to issue BRL565m in five-year debentures in Brazil and use the money to pay off loans from the national development bank BNDES and pay dividends to t
Chilean power transmission company earns $60m from its first debt sale in Brazil