Energisa Plans Perpetual Bond

Energisa is planning to issue a perpetual NC5 bond, in what would be its first USD transaction. The Brazilian energy holdco plans to meet investors in the US, Europe and Asia Thursday through January 19. BAML, Morgan Stanley and Santander are managing the sale. Proceeds are marked for general corporate purposes. Energisa is the holding company for 5 electric distributors in the states of Paraiba, Sergipe, Rio de Janeiro and Minas Gerais, and has been a frequent issuer in Brazil’s local bond market. After several issuances from Brazilian issuers last year, BR Malls plans to test the waters for perpetual issuance with a new NC5 as soon as this week.