Copel Completes Debenture

Companhia Paranaense de Energia (Copel) has completed the sale of BRL1bn ($493m) in Brazil’s domestic bond market, according to Anbima. The 2017 debenture pays the DI+0.99%, and amortizes in two equal installments in 2016 and 2017. Copel plans to use proceeds for investments and working capital. Banco do Brasil managed the transaction, done under the rule 476 restricted format.