April 18, 2019 |
Brazil's AES Tietê has raised BRL1.56bn ($397m) from a two-part debt sale in the local market, according to the capital markets association Anbima.
The power company sold BRL1.38bn in eight-year notes at 100bp over the DI interbank lending rate and BRL179m in 10-year notes at 471bp over the IPCA consumer price index. Itaú BBA led the sales with Bradesco as the agent bank and Oliveira Trust as the trustee, according to Anbima.
AES Tietê said in March that it planned to issue the notes to pay of
Brazilian power company raises almost $400m to pay back project finance loans