April 30, 2019 |
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 predictab
Brazilian power company looks to raise $507m from a three-part deal