Utility Plots Domestic Bond

Companhia Paranaense de Energia (Copel) is planning to raise BRL1bn ($493m) in Brazil’s domestic bond market. The utility plans a 2017 bond paying the DI plus up to 0.99%, and amortizing in two equal installments in 2016 and 2017. Copel plans to use proceeds for investments and working capital. Banco do Brasil is heard to be managing the transaction, to be done under the rule 476 restricted format.