Eletropaulo sets up debenture deal

Eletropaulo sets up debenture deal

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

Brazil's Eletropaulo, a division of the Italian energy company Enel, said it plans to raise BRL1.5bn ($366m) from the sale of debentures in the local market. The São Paulo-based power company said it will sell BRL700m in six-year notes at 85bp over the DI interbank lending rate and BRL800m in seven-year notes at either 30bp over the IPCA consumer price index or a fixed rate of 4.4%, whichever is higher. Eletropaulo will use the money from the 2025s to pay off short-term debt and the money from t

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