Light issues local notes

Light issues local notes

Debenture Debt Capital Markets Fixed Income Energy Electricity Rule 476 Brazil

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

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