Energisa Prices Domestic Bond

Brazil’s Energisa has raised BRL400m ($199m) in the domestic bond market, according to the CVM. A BRL129m 2017 portion pays the DI+1.3%, in line with a price ceiling, and amortizes in two equal parts during the final two years. A BRL271m 2019 inflation-linked tranche pays 6.15% and also amortizes in two equal parts during the final two years. Energisa is using the proceeds to fund its investment plans, which include new generation capacity. BTG Pactual managed the sale, rated Aa3 on national scale.