September 21, 2020
Brazilian power generation company Eneva said Friday that it priced BRL948 million ($178 million) in long-term bonds in the local market to cover investments in power plants and natural gas production.
The Rio de Janeiro-based company offered BRL574 million in 15-year debentures at the IPCA consumer price index plus 4.5034% and BRL374 million in 10-year debentures at IPCA plus 4.127%, it said in a securities filing. Eneva added that it expects to settle the transaction on September 29.
Brazilian power company raises $178 mln to build two power plants and refinance debt