Taesa plugs in new local notes

Taesa plugs in new local notes

Corporate & Sovereign Strategy Debt Debenture Latin America South America Brazil Capital Markets Energy Electricity Rule 476

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

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