Taesa plots infra notes

Taesa plots infra notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Project & Infrastructure Finance Energy Electricity Brazil

Brazil's Taesa is preparing to go to the local bond market on July 15 for BRL400m ($108m) in seven-year infrastructure debentures. The power transmission company has hired BB Investimentos, the investment banking division of Banco do Brasil, to lead the transaction, with Bradesco BBI and Banco Safra as bookrunners. The banks will price the new notes at up to 30bp over the IPCA consumer price index, Taesa said in the prospectus. Taesa said it will use BRL250m to fund part of the BRL1.1bn Janaúb

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