Duke Brasil Bonds to Hit Road

Geracao Paranapanema plans to begin a roadshow Wednesday in support of its BRL300m in 2013 and 2015 debentures issue. The Brazilian unit of Duke Energy International will meet investors through September 9, and plans to define the amount to go into each tranche during the bookbuilding process. Parapanema is proposing to pay DI plus 2.15% for the 2013 bonds and a rate linked to Brazil’s ICPA inflation rate on 2015s. Citi and Itau are managing the transaction, rated Aa3 on a national scale by Moody’s.