Cemig Sells Non-Convertible Bonds

Brazil electricity generation company Cemig has sold BRL2.7bn in non-convertible debentures, the company says. A 2012 tranche of BRL1.57bn pays DI plus 0.90% and a 2015 tranche of BRL1.13bn pays IPCA plus 7.67%. Proceeds will be used to pay down debt. BB Investimentos lead the sale, rated Aa1 by Moody’s.