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