Energias do Brasil to Raise BRL450 Million From Bonds Issue
August 07 2012 - 11:19AM
Dow Jones News
SAO PAULO--The board of Brazil's electric utility, Energias do
Brasil SA (ENBR3.BR), authorized the company to raise 450 million
Brazilian reais ($222 million) from a nonconvertible debentures
issue, it said Tuesday in a statement.
The holding company, controlled by Energias de Portugal SA
EDP.LB), said it will use the proceeds to finance its investment
program. The debentures will mature in 18 months.
HSBC and BB Banco de Investimento were hired to coordinate the
operation.
Write to Rogerio Jelmayer at rogerio.jelmayer@dowjones.com
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