Alupar raises reais in local bond market

Alupar raises reais in local bond market

Debenture Debt Capital Markets Fixed Income Rule 476 Brazil

Brazil's Alupar Investimento turned to the local bond market to raise funds as it recently took control of the regional power transmission company Empresa de Transmissão Baiana (ETB).Led by Banco ABC Brasil, the power generation and transmission holding company issued BRL649 million ($157 million) in six-year notes at the DI interbank lending rate plus 1.4%, according to the local capital markets association Anbima.Alupar previously raised funds in Brazil's bond market in July last year, when it

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