Ampla prepares local debt sale

Ampla prepares local debt sale

Debenture Debt Capital Markets Bonds Corporate & Sovereign Strategy Energy Electricity Brazil

Brazil's Ampla Energia e Serviços could raise up to BRL1bn ($268m) from the sale of five-year debentures in the local market, according to a report from Fitch. The Niterói-based electricity distribution company will use the proceeds from the sale to extend debt maturities, lower its funding costs and add to working capital, Fitch said. The rating agency gave the upcoming deal a AAA(bra) on the local scale, citing the financial stability of the parent company Enel Américas, a division of the It

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