Home / Daily Briefs / 2022 / 20 / Furnas to fund investments, debt payments with new loans

Furnas to fund investments, debt payments with new loans

Furnas to fund investments, debt payments with new loans

April 20, 2022 | Thierry Ogier
Eletrobras subsidiary plans to borrow $536 mln from Banco do Brasil and Itaú

Corporate & Sovereign Strategy Economy & Policy Loans Brazil Capital Markets Energy Electricity Hydro

Furnas, a subsidiary of Brazil's state-owned power company Eletrobras, plans to take out three loans for up to BRL2.5 billion ($536 million) to pay down debt and fund investments this year, according to a securities filing. Furnas will borrow BRL2 billion from state-owned lender Banco do Brasil, split between a two-year loan for BRL500 million and a seven-year loan for BRL1.5 billion. The two-year loan will charge the DI interbank lending rate plus 1.65%, while the seven-year loan will charge th

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