April 8, 2021
Light, an electric utility company in Rio de Janeiro, plans to issue BRL850 million ($151 million) in debentures in the local market on April 15, raising money to invest in its distribution network, it said in a securities filing from Tuesday.
Light also said it could increase the size of the deal by BRL170 million to meet demand, taking the total to possible total to BRL1.02 billion, according to the filing.
The company could price the new 10-year notes at the IPCA price index plus 0.75% or at
Rio-based electric utility plans to raise at least $150 mln to invest in its distribution network