December 3, 2019
India's Sterlite Power has sold BRL250 million ($59.2 million) in debentures in Brazil through a local concessionaire, SE Vineyards Transmissão de Energia, according to the local capital markets association Anbima.Banco Votorantim led the deal and priced the 23-year notes at the IPCA consumer price index plus 5.1229%, according to Anbima.
Sterlite will use the money to build and operate the 144km Vineyards transmission line in the southern state of Rio Grande do Sul. It expects to switch on the
Indian energy company issues $59 mln in 23-year debentures for the Vineyards transmission line in Rio Grande do Sul