Neoenergia sizes up local debt deal

Neoenergia sizes up local debt deal

Capital Markets Corporate & Sovereign Strategy Debenture Debt Energy Electricity Renewable Brazil Latin America Rule 476

Brazilian energy company Neoenergia said late Wednesday that it received board approval to issue BRL2 billion ($368 million) worth of debentures, following an announcement last month that it planed to tap the local markets to fund the acquisition of the distribution division of the state-owned power company Companhia Energética de Brasília (CEB). A spokesperson for Neoenergia declined to provide details on the upcoming debt sale, citing a quiet period before the company releases its latest finan

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