Grupo Global issues notes for thermal power plant

Grupo Global issues notes for thermal power plant

Debenture Capital Markets Debt Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Energy Electricity Rule 476 Brazil

Companhia Energética Candeias (CEC), a thermal power plant operator owned by Brazil's Grupo Global, issued BRL163 million ($32.1 million) worth of debentures in the local market last week, according to the capital markets association Anbima. CEC priced the two-year notes at the DI interbank lending rate plus 1.1% in a deal arranged by Itaú BBA, according to Anbima. In May 2014, when CEC sold BRL165 million worth of project bonds, it priced the five-year notes at the DI plus 2.05%, also led by It

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