August 7, 2019 |
French utility company hires five bookrunners for an upcoming $405m debenture deal in Brazil
Engie Brasil Energia, a subsidiary of the French electric utility company Engie, has named five bookrunners for an upcoming debenture deal.
Santander will lead the BRL1.6bn ($405m) debt sale with Bradesco BBI, Itaú BBA, Banco Safra and BB Investimentos, according to a prospectus issued on Tuesday.
Engie will divide the deal into four series with BRL955m in seven-year notes and BRL645m in 10-year notes. The first and the fourth series will pay a fixed rate of 3.7%, while the second series will pay 3.9% and the third 3.6%.
The company said it expects to sell the notes on August 22.