June 12, 2019 |
Brazil's Neoenergia has priced an upcoming debenture deal in the local market as it works on an IPO scheduled for later this month.
The Rio de Janeiro-based power company has split the BRL1.3bn ($337m) debt sale into BRL804m in 10-year notes and BRL493m in 14-year notes. It has priced the 2029s at 407bp over the IPCA consumer price index and the 2033s at 422bp over IPCA, Neoenergia said in a securities filing.
BB Investimentos, the investment banking division of the state-owned lender Banco do
Iberdrola's subsidiary in Brazil plans to sell $337m in debentures as it prepares for an IPO later this month