Alupar Unit Seeks Public Status

Usina Ferreira Gomes has applied for public company status with Brazils CVM, the designation for issuers of public equity or publicly-distributed domestic bonds. The hydroelectric project has already been funded with domestic debt raised by Alupar Investimentos. In March, Alupar sold BRL300m ($167m) in 2027 bonds through a private sale to the government FTGS fund. The inflation-linked notes pay 7.8%.