May 9, 2018 |
CTEEP said it has sold BRL621m ($173m) in debentures and become the first company in Brazil to issue green bonds in the electricity transmission sector.
The seven-year notes priced at 4.7% over the IPCA consumer price index, CTEEP said in a securities filing.
Order books were 2.9x oversubscribed, CFO Rinaldo Pecchio Junior said in a statement.
CTEEP will use the money to help fund BRL2.5bn in investments in eight transmission projects that it won in concession auctions in October 2016 and April
ISA's concessionaire in Brazil raises $175m for transmission projects with $700m in total investments