April 29, 2019 |
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
State-owned utility seeks $1.25bn from four-part deal; steelmaker wants $355m from dual-tranche issue