Neoenergia names banks for local debt sale

Neoenergia names banks for local debt sale

Debt Capital Markets Corporate & Sovereign Strategy Debenture Energy Brazil

Brazil's Neoenergia has named BB Investimentos, the investment banking division of the state-owned lender Banco do Brasil, as the lead coordinator of a BRL1.25bn ($310m) debenture sale in the local market. Citi, Itaú BBA, Santander and XP Investimentos will also work on the deal for the Rio de Janeiro-based energy company, a subsidiary of Spain's Iberdrola, according to the prospectus. Neoenergiacan increase the offer, split between 10-year and 14-year notes, to BRL1.5bn on strong demand. The

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