April 24, 2018 |
Rio Paranapanema Energia returned to Brazilian bond markets on Monday, printing BRL320m ($93m) across two series of debentures, according to capital markets association Anbima.
The electricity company, a subsidiary of China Three Gorges (CTG), sold BRL160m in 2023 notes at 106.75% over the DI interbank lending rate and another BRL160m in 2025s at 5.5% over the IPCA consumer price index.
BTG Pactual led the Rule 476 transaction while Bradesco was the agent bank and Planner was trustee. According
Brazilian electricity company raises $93m across 2023 and 2025 paper