EDP finishes financing transmission lines in Brazil

EDP finishes financing transmission lines in Brazil

Debenture Debt Capital Markets Project & Infrastructure Finance Fixed Income Energy Electricity Brazil Europe

EDP Transmissão, a division of EDP Brasil, said it has sold another BRL800m ($202m) in debentures to finance the construction of a transmission line in the states of São Paulo and Minas Gerais. "With this operation, EDP closes the funding cycle of the lots acquired in the 2016 and 2017 auctions," the company said in a statement. The latest issue covers 54% of the estimated costs to build the 375km line, but EDP can sell up to another BRL525m in debentures to finance as much as 90% of the project

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