December 17, 2020 |
CGT Eletrosul, a subsidiary of the Brazilian state-owned power company Eletrobras, has issued BRL300 million ($59 million) worth of debentures to fund investments in transmission assets.
The Florianópolis-based division priced the eight-year notes at the IPCA consumer price index plus 3.75%, Eletrobras said in a securities filing on Tuesday.
Eletrosul, which has generation and transmission assets in Brazil's three southern states, will use the proceeds to finance repairs and improvements to its
Eletrosul issues $59 mln in eight-year notes for transmission investments in southern Brazil