Eneva lines up debt sale

Eneva lines up debt sale

Debenture Debt Capital Markets Corporate & Sovereign Strategy Energy Electricity Project & Infrastructure Finance Brazil Rule 476

Brazil's Eneva said it plans to sell BRL2bn ($507m) in debentures in the local market. The power company will target "professional investors" with three series of notes under Brazil's Rule 476, divided among five-, eight- and 10-year notes, Eneva said in a securities filing. The company also said it will use the money to pay off debt and invest in thermoelectric power plants. S&P Global last week assigned Eneva a brAAA rating on the local scale, saying the power company can rely on predic

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