January 9, 2019 |
Brazil's CESP has sold BRL1.8bn ($48.5m) in debentures in the local market, marking its first fixed-income debt sale under Rule 476, according to the capital markets association Anbima.
The lead bookrunner Bradesco BBI priced the seven-year notes at 164bp over the DI interbank lending rate, in line with the prospectus issued on December 12.
The São Paulo power company said it will use part of the proceeds to renew the concession contract for the Porto Primavera hydroelectric dam and save the
Brazilian power company raises $48m to renew a hydropower concession in São Paulo