April 27, 2021 |
Brazilian power company Taesa said it received board approval to issue BRL750 million ($138 million) worth of debentures in the local market and raise money to pay down debt from two transmission line projects.
Taesa will issue the non-convertible debentures in two series with BRL650 million in seven-year notes and BRL100 million in 15-year green bonds, according to the minutes of a board meeting released on Friday.
The company plans to price the 2028 debentures at the DI Interbank lending rate
Brazilian power company plans to sell $138 mln in debentures to pay down debt from two transmission lines