Home / Daily Briefs / 2022 / 13 / Eletrobras improves market access with share sale

Eletrobras improves market access with share sale

Eletrobras improves market access with share sale

June 13, 2022 | Thierry Ogier
Brazilian power company is set to tap "a greater source of financing" after raising $6.7 bln in an equity offering

Corporate & Sovereign Strategy Economy & Policy Equity Brazil Capital Markets Electricity

Brazilian power company Eletrobras is expected to improve access to the capital markets after it raised BRL33.7 billion ($6.76 billion) in a share sale on Thursday, investors and analysts told LatinFinance. "Financial markets will become a greater source of financing [for Eletrobras]," said Vicente Koki, energy investment analyst at Mirae Asset Management. "This strengthens metrics that capital markets understand are important," he said of the share sale. "There is a good medium- to long-term ou

Already have an account?

    Forgot your password?

Free trial

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

Free Trial