Power companies lead charge to Brazilian bond market

Power companies lead charge to Brazilian bond market

Debenture Brazil Capital Markets Debt Fixed Income Energy Electricity

Two power companies – CPFL Energia and Engie – are planning to issue debentures in the Brazilian bond market along with meatpacker Minerva, car rental agency Unidas and shopping mall operator Multiplan, according to securities filings. RGE Sul, an electricity distribution company that is controlled by CPFL, has set up the sale of BRL603 million ($114 million) worth of debentures to raise money for working capital. The seven-year notes are expected to price at the DI interbank rate plus 1.4% on S

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