December 6, 2018 |
Ceron, a regional power company acquired by Energisa in September, has sold BRL1.55bn ($401m) in debentures in Brazil, according to the local capital markets association Anbima.
Bradesco BBI priced the five-year notes at 1.65% over the DI interbank lending rate in Ceron's first issue under Brazil's Rule 476.
Energisa picked up Ceron and Eletroacre in August as part of the sale of six former subsidiaries from the state-owned power company Eletrobras. The electricity company from Minas Gerais prom
Ceron earns $401m from the sale of five-year notes in the local market