Celeo Redes raises reais

Celeo Redes raises reais

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

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial