Neoenergia prices local debt sale

Neoenergia prices local debt sale

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

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 B

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