SPIC sets up debt deal in Brazil

SPIC sets up debt deal in Brazil

Debt Capital Markets Corporate & Sovereign Strategy Debenture Project & Infrastructure Finance Energy Electricity Rule 476 Brazil China

China's State Power Investment Corporation (SPIC) could sell BRL975 million ($244 million) in debentures in the Brazilian bond market to pay off debt from the São Simão hydropower plant, according to a report from S&P Global.UHE São Simão Energia, a SPIC subsidiary, has BRL1.1 billion in debt that comes due in November, S&P said. "With this refinancing, we expect the company to strengthen its financial flexibility over the next 18 to 24 months," the rating agency said. S&P assigned t

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