April 15, 2021 |
Brazilian state-owned power company Eletrobras said it received board approval to raise BRL2.7 billion ($478 million) in a two-part debenture deal and use some of the money to fund construction at the Angra 3 nuclear power plant.
Eletrobras plans to raise BRL1.2 billion in the first series of debentures and use the proceeds to add to its cash holdings. It also plans to raise BRL1.5 billion for Angra 3 with a second series, the company said in a securities filing on Tuesday.
The Rio de Janeiro-ba
State-owned power company sets up a $478 mln deal to fund construction of the stalled nuclear power plant