June 26, 2020
Brazilian power company Eneva said it plans to issue up to BRL650 million ($121 million) in 10-year debentures in the local market, raising money to refinance debt from natural gas fields in the northeast.
Eneva expects to price the new notes at the IPCA consumer price index plus 2% or a fixed rate of 5.5%, whichever is higher, the company said in a securities filing on Wednesday. It did not say, however, which banks will lead the debt sale under Brazil's Rule 476.
In April this year, when it is
Brazilian power company looks to raise $120 mln in the local market to pay off debt from a natural gas project