CTEEP sells green notes

CTEEP sells green notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture M&A Energy Electricity Brazil

CTEEP said it has sold BRL621m ($173m) in debentures and become the first company in Brazil to issue green bonds in the electricity transmission sector. The seven-year notes priced at 4.7% over the IPCA consumer price index, CTEEP said in a securities filing. Order books were 2.9x oversubscribed, CFO Rinaldo Pecchio Junior said in a statement. CTEEP will use the money to help fund BRL2.5bn in investments in eight transmission projects that it won in concession auctions in October 2016 and Apr

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