Eletropaulo Gets Domestic Funds

Brazil’s Eletropaulo has raised BRL600m ($296m) through the sale of domestic bonds, according to Anbima. The AES subsidiary’s 2021 debenture pays the DI+1.5% and amortizes in annual installments beginning in 2018. Bradesco managed the sale, done under the rule 476 restricted format. The transaction follows the public market sale of BRL750m the utility finished in October, when it paid DI+1.24% for 2018 bonds. Eletropaulo is rated AA+/Aa1 on a national scale.