CTG Brazil subsidiary pens two-part note

CTG Brazil subsidiary pens two-part note

Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Rule 144a/ RegS Brazil

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

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