Eletrobras improves market access with share sale

Eletrobras improves market access with share sale

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

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