Elektro Clinches BRL300m Debentures

Brazilian regulators have approved the issue of non-convertible debentures worth BRL300m by Brazilian electricity distributor Elektro. The 2011 bonds pay interest at the DI rate plus 1.4%. Proceeds will help repay existing debt at the distributor that operates in Sao Paulo state. Itau and Santander managed the sale, rated AA+ on a national scale.