CTG sets up debt sale in Brazil

CTG sets up debt sale in Brazil

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

CTG Brasil, the Brazilian subsidiary of Chinese state-owned power company China Three Gorges (CTG), said Friday that it plans to issue BRL845 million ($156 million) worth of debentures and use part of the proceeds to fund two hydroelectric power projects. Rio Paraná Energia, a division of CTG Brasil, will issue the debentures in two series with maturities of three and 10 years, raising money to invest in the Jupiá and Ilha Solteira power plants on the Rio Paraná between the states of São Paulo a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial