Eletrobras, Gerdau plan debenture deal

Eletrobras, Gerdau plan debenture deal

Debenture Capital Markets Debt Corporate & Sovereign Strategy Energy Electricity Brazil

Brazil's Eletrobras and Gerdau have announced plans to return to the local bond market with up to BRL6.4bn ($1.63bn) in new notes combined. Eletrobras said it intends to raise BRL5bn from a four-part deal in the local market. It did not reveal the maturities for each series of notes or say which banks it has hired to lead the deal. S&P Global gave the state-owned utility company a brAAA rating on the local scale with a stable outlook, pointing out that Eletrobras the largest energy generatio

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