Sales of tax-exempt debentures triple in Brazil

Sales of tax-exempt debentures triple in Brazil

Debenture Capital Markets Debt Project & Infrastructure Finance Energy Electricity Hydro Telecoms Brazil

Sales of tax-exempt debentures in Brazil reached BRL938 million ($165 million) in January this year, more than three times the BRL300 million recorded in the same month last year, according to a report from the economy ministry. The sales of 12 infrastructure debentures, which are tax free for foreign investors and local retail investors, totalled BRL792 million in January with funds going to biofuels, power plans and telecommunications, the ministry said. The energy sector accounted for 87.4% o

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