July 21, 2021
Minas Gerais state power company Cemig has announced plans to repurchase up to $500 million in 9.25% 2024 bonds, offering more than $1.15 on the dollar for investors who meet the early deadline.
Belo Horizonte-based Cemig offered to pay $1,162.50 for every $1,000 in principal through July 30, including a premium of $50.00. After that, it said it would pay $1,112.50 until the final deadline on August 13.
The company said it has hired Bradesco BBI, Goldman Sachs, Morgan Stanley and Santander as de
Minas Gerais state power company offers more than $1.15 on the dollar for up to $500 mln in outstanding notes