AES Unit Closes Debenture

Brazil’s AES Sul has completed the sale of BRL290m ($147m) in domestic bonds, according to Anbima. The 2018 debenture pays the DI+1.25% and amortizes in two equal parts during the final two years. The electric distributor is raising funds for investments and for working capital. BTG Pactual managed the transaction, rated AA minus on a national scale and done under the rule 476 restricted format.