Energisa Sets Bond Timeline

Brazil’s Energisa plans to hold the pricing period for its BRL400m ($199m) domestic bond sale, from June 27 to July 10, according to regulatory documents. Energisa, which has been marketing the sale, will set during this period the size of each of the sale’s 2 tranches and their interest rates. A 2017 portion pays the DI plus up to 1.3% and amortizes in two equal parts in the final two years. A 2019 tranche pays the DI plus up to 1.55% and amortizes in two equal parts in the final two years. BTG Pactual is managing the sale, rated Aa3 on national scale.