Neoenergia raises financing for power line

Neoenergia raises financing for power line

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

Neoenergia, the Brazilian subsidiary of the Spanish electric utility company Iberdrola, sold BRL300 million ($62.7 million) worth of long-term debentures in the local market, raising money for the Itabapoana power line project, according to the capital markets association Anbima. Led by Itaú BBA, Neoenergia issued the 25-year notes at the IPCA consumer price index plus 4.5%, according to Anbima. In June last year, when Neoenergia raised BRL1.3 billion from a two-part deal, it priced BRL803 milli

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial