Generator Plugs into Local Bond Market

Linhares Geracao, the operator of a power plant in Brazil, has raised BRL220m ($105m) in the domestic debenture market, according to Anbima. The plant, controlled by BTG Pactual’s FIP Brasil Energia private equity fund, priced a 2024 inflation-linked bond at 7.25%. BTG managed the sale, done under the rule 476 restricted format. The gas-fired Linhares plant is located in the state of Espirito Santo.