Taesa, DASA issues local notes

Taesa, DASA issues local notes

Debenture Debt Capital Markets Fixed Income Energy Electricity Rule 476 Brazil Latin America

Two Brazilian issuers – power transmission company Taesa and medical services firm DASA – raised debt in the local bond market this week, according to the capital markets association Anbima. Taesa earned BRL450 million ($85.6 million) from the sale of debentures in a deal arranged by the local branch of Santander, pricing the two-year notes at the DI interbank lending rate plus 2.85%, according to Anbima. According to an announcement on March 25, construction has not stopped on Taesa's new trans

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