Eletrobras units schedule debt market debuts

Eletrobras units schedule debt market debuts

Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Energy Electricity Rule 476 Brazil

Brazil's Eletrobras said its subsidiaries Eletronorte and Furnas plan to make their debuts on the local debt market with separate debenture deals for BRL1.25bn ($302m) on November 15.Eletrobras added that it will put up guarantees for the debt sales, but it did not say which banks the subsidiaries have hired to lead the deals or how they expect the notes to price. The state-backed power company worked with Santander when it raised BRL5bn from a four-part debenture sale in May this year. It used

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