CPFL units issue local notes

CPFL units issue local notes

Debt Capital Markets Corporate & Sovereign Strategy Debenture Energy Electricity Rule 476 Brazil

Two subsidiaries of the Brazilian power company CPFL Energia, RGE Sul and CPFL Piratininga, have raised BRL955m ($246m) from the sale of debentures in the local market, according to the capital markets association Anbima. RGE Sul, a power utility company in the southern state of Rio Grande do Sul, issued BRL740m five-year notes at 107% of the DI interbank lending rate in a deal led by Itaú BBA, according to Anbima. Itaú BBA also led CPFL Piratininga to the local debt market with BRL215m in five-

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