Cagece, Omega plan debt sales

Cagece, Omega plan debt sales

Corporate & Sovereign Strategy Debt Debenture Latin America South America Brazil Capital Markets

Ceará state water company Cagece and Belo Horizonte-based renewable energy company Omega Geração have both said they plan to sell debentures in the local market to raise money to fund ongoing projects and pay off debt.  Cagece said Monday that it will issue BRL776 million ($132 million) worth of debentures in a two-part deal with BRL260 million in five-year notes and BRL516 million in eight-year notes. The company will use the money from the five-year notes to fund investments and to pay off deb

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