Terna funds power line in Brazil

Terna funds power line in Brazil

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

Terna Plus, the new business division of Italian transmission system operator Terna, sold BRL210 million ($44.2 million) worth of debentures to finance the Linha Verde II transmission line project in Brazil, according to the capital markets association Anbima. Led by BNP Paribas, the concessionaire issued the 24-year notes on March 2 at the IPCA consumer price index plus 5.33%, according to Anbima. Terna holds the concession through a special purpose vehicle called SPE Transmissora de Energia Li

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