April 29, 2020
French renewable energy energy Total Eren raised BRL140 million ($25.2 million) for two wind farms by issuing debentures in the local market, according to the capital markets association Anbima.
The company sold BRL91.5 million worth of 18-month notes for the Terra Santa I wind farm and issued another BRL48.5 million in 18-month notes for Terra Santa II, according to Anbima.
Led by Santander, Total Eren priced the two series of notes at the DI interbank lending rate plus 2% under Brazil's Rule 4
French renewable energy company raises $25 mln for the Terra Santa projects in Rio Grande do Norte