Home / Daily Briefs / 2021 / 15 / Neoenergia funds CEB deal in bond market

Neoenergia funds CEB deal in bond market

Neoenergia funds CEB deal in bond market

February 15, 2021
Iberdrola's Brazilian subsidiary raises $372 mln to cover the acquisition of the distribution business in Brasília

Debenture Debt Fixed Income M&A Brazil Europe Electricity

Neoenergia, the Brazilian subsidiary of Spanish electric utility company Iberdrola, sold BRL2 billion ($372 million) worth of debentures in the local market to fund the acquisition of CEB Distribuição (CEB-D), the distribution division of the state-owned power company Companhia Energética de Brasília (CEB). Neoenergia priced the 18-months notes at the DI interbank lending rate plus 1.05%, according to the local capital markets association Anbima. The Rio de Janeiro-based power company won the au

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial