Eletrobras earns a billion from local debt sale

Eletrobras earns a billion from local debt sale

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

Brazil's Eletrobras has earned BRL5bn ($1.22bn) from a four-part debenture deal in the local market, issuing notes with maturities from three to 10 years, according to the capital markets association Anbima. The state-owned power company sold BRL1.1bn in three-year notes, along with BRL2.2bn in five-year notes, BRL1bn in seven-year notes and BRL700m in 10-year notes. Santander coordinated the sales and priced the 2022s at 70bp over the DI interbank lending rate, the 2024s at 100bp over the DI, t

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