CPFL Plans Debentures

Brazil’s CPFL is preparing to raise BRL600m ($294m) in the domestic bond market, it says. The power company plans a 2019 debenture paying the DI+0.80%. It does not indicate the managers of the transaction, to be done under the rule 476 restricted format, or the use of proceeds. An official at the company declines to give additional details. Last month, its CPFL Renovaveis unit completed the sale of BRL430m in 2022 debentures paying the DI+1.7%, managed by Itau.