Eletrobras units sells debentures

Eletrobras units sells debentures

Capital Markets Corporate & Sovereign Strategy Debt Debenture Electricity Brazil Latin America Rule 476

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

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