May 20, 2019 |
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
Enel subsidiary plots a $365m issue to pay off debt and cover new investments