Cemig Plans Debentures

Brazilian electricity company Companhia Energética de Minas Gerais (Cemig) is to issue up to $462 million-worth (993 million reais) of debentures, the company said in a note to CVM, the Brazilian securities commission. The local debt securities will be issued via Cemig Geração e Transmissão, the company’s generating and transmission unit, in two tranches of 489 million reais and the 504 million reais. Unibanco will coordinate. No date was given in the filing.