March 18, 2019 |
Enel Distribuição Ceará has sold BRL650m ($170m) in debentures in Brazil, according to the local capital markets association Anbima.
The electricity distribution company, owned by Italy's Enel, sold BRL350m in four-year notes at 50bp over the DI interbank lending rate and BRL300m in five-year notes at 450bp over the IPCA consumer price index.
Bradesco BBI coordinated the sale. Enel Distribuição Ceará, previously called Coelce, will use the money to pay off debt and make investments.
Italian energy company raises $170m for its distribution business in the state of Ceará