April 2, 2019 |
Brazil's Neoenergia is preparing to issue BRL1.2bn ($310m) in debentures through its subsidiaries Coelba and Celpe, according to a report from S&P Global.
Coelba, a power company based in Bahia, plans to raise BRL700m from a two-part debt sale due in 2026 and use the proceeds to pay off outstanding debt, S&P said.
Celpe from Pernambuco is preparing a two-part, seven-year debenture deal for BRL500m to pay off debt, according to S&P.
S&P gave both debt sales a brAAA rating on th
Coelba preps $181m in seven-year debentures as Celpe prepares a $129m issue of its own