December 9, 2019
Brazilian power company Light has earned BRL700 million ($169 million) from a three-part debenture sale in the local market, according to the capital markets association Anbima.
Led by Itaú BBA, the Rio de Janeiro-based company issued BRL500 million in three-year notes, along with BRL150 million in seven-year notes and BRL50 million in five-year notes.
The 2022s priced at 1.5% over the DI interbank lending rate, while the 2026s came to 5.25% over the IPCA consumer price index and the 2024s equal
Brazilian power company earns $169 mln from a three-part debenture deal