Bloomberg News

CCR, Iguatemi, Sabesp, Santher, Tegma, Vigor: Brazil Bond Alert

January 02, 2013

CCR SA, Iguatemi Empresa de Shopping Centers SA, Cia. de Saneamento Basico do Estado de Sao Paulo, Santher-Fabrica de Papel Santa Therezinha SA, Tegma Gestao Logistica SA and Vigor Alimentos SA (VIGR3) are among issuers that plan to sell bonds in Brazil’s debt markets.

VIGOR ALIMENTOS SA: The food producer is considering selling local bonds to refinance short-term debt, Mauricio Hasson, the company’s chief financial officer, told reporters in Sao Paulo. (Updated Dec. 20)

SANTHER-FABRICA DE PAPEL SANTA THEREZINHA SA: The paper- products manufacturer plans to sell 125 million reais ($61 million) of local bonds due in 2016, reducing the size for a second time, according to a regulatory filing. Itau BBA is arranging the sale. (Updated Dec. 14)

IGUATEMI EMPRESA DE SHOPPING CENTERS SA: The mall operator plans to sell 400 million reais of debentures, according to a regulatory filing. (Added Dec. 11)

CCR SA: The highway manager may issue as much as 1 billion reais of tax-exempt infrastructure bonds this year through three of its units, the finance director, Arthur Piotto, said in a telephone interview. (Added Dec. 10)

TEGMA GESTAO LOGISTICA SA: The automobile logistics company approved a plan to sell as much as 200 million reais of five- and six-year bonds to qualified investors, according to a regulatory filing. Banco BTG Pactual SA will arrange the sale. (Added Dec. 10)

USINAS SIDERURGICAS DE MINAS GERAIS SA: The steel producer said in a regulatory filing that its board approved the sale of as much as 1 billion reais of local bonds to qualified investors. The bonds, to mature in four and six years, will be sold in the first half of this year. (Added Nov. 30)

CIA. CATARINENSE DE AGUAS E SANEAMENTO (CASN3): The sewage and water company, also known as Casan, said in a regulatory filing that it plans to sell 100 million reais of IPCA-linked 10-year local bonds with a maximum yield of 9.5 percent. (Added Nov. 30)

TRIANGULO DO SOL AUTO-ESTRADAS SA: The builder and operator of roads plans to sell 620 million reais of domestic bonds, which are scheduled to price Feb. 6, according to a regulatory filing. BTG Pactual SA, Bradesco BBI SA, Banco Itau BBA SA and Banco Santander SA will manage the sale. The first tranche will pay the DI rate plus as much as 300 basis points, and the second is to offer a maximum 8 percent, according to a prospectus of the public offering. (Updated Nov. 29)

NORTE ENERGIA SA: The company that won a 35-year concession to build the world’s third-biggest hydroelectric dam has been approved by the Ministry of Energy and Mines to issue tax-exempt infrastructure bonds for the project known as Belo Monte, according to the official gazette. The company will sell as much as 500 million reais worth of bonds by 2015, Joao Pimentel, the director of institutional relations, said in a telephone interview. (Updated Nov. 28)

SIFCO SA: The auto parts maker plans to sell 200 million reais of IPCA-linked bonds maturing in 2019 and paying 7.2 percent, Valor Economico reported, without saying where it obtained the information. A company official didn’t respond to requests seeking comment. (Added Nov. 19)

CIA. DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO: The water treatment and distribution company for the state of Sao Paulo, also known as Sabesp, said in a regulatory filing its board has approved plans to sell 1 billion reais of local bonds in three tranches: five-year bonds to pay the interbank rate plus 0.85 percentage point; seven-year IPCA-linked bonds to pay a maximum rate of 5.7 percent; and 10-year IPCA-linked bonds to pay a maximum 6.15 percent. BB Banco de Investimento is lead coordinator. (Added Nov. 16)

CENTRAIS ELETRICAS BRASILEIRAS SA (ELET6): Brazil’s largest utility by market value, also known as Eletrobras, has postponed an offering of 2 billion reais of local bonds until 2013, according to people familiar with the matter, who asked not to be identified because the matter hasn’t been made public. Banco Santander Brasil SA and Banco BTG Pactual SA are the managers, according to a regulatory filing. (Updated Nov. 6)

INTERLIGACAO ELETRICA DO MADEIRA SA: The joint venture of Cia. de Transmissao de Energia Eletrica Paulista, Cia. Hidro Eletrica do Sao Francisco and Furnas Centrais Eletricas SA may issue 350 million reais of tax-exempt infrastructure bonds, Brazil’s state development bank said in an e-mailed statement. The funds would help finance a transmission line and two substations, according to the statement. (Added Oct. 22)

CIA. ENERGETICA DE MINAS GERAIS (CMIG4): The power generator also known as Cemig may issue as much as 2 billion reais of local bonds tied to infrastructure projects in 2013, Chief Financial Officer Luiz Fernando Rolla said in an interview in Sao Paulo. (Added Oct. 19)

SANTO ANTONIO ENERGIA SA: The energy company has received approval from the Ministry of Energy and Mines to issue tax- exempt infrastructure bonds for a hydroelectric project. The company plans to issue the bonds in the first half of 2013, Chief Financial Officer Luiz Pereira said in a phone interview from Sao Paulo. (Updated Oct. 19)

TRANSNORTE ENERGIA SA: The joint venture of Alupar Investimento SA and Centrais Eletricas do Norte do Brasil SA has been approved by the Ministry of Energy and Mines to issue tax- exempt infrastructure debentures to finance two transmission lines and substations in the states of Amazonas and Roraima, according to the official gazette. (Added Oct. 8)

CONCESSIONARIA ROTA DAS BANDEIRAS SA: The public road company has been approved by the Ministry of Transportation to issue tax-exempt infrastructure bonds to finance road pavements and other improvements. (Added Oct. 5)

EMPRESA DE TRANSMISSAO TIMOTEO-MESQUITA LTDA.: The electricity company has been approved by the Ministry of Energy and Mines to issue tax-exempt infrastructure bonds to finance a transmission line and substation. (Added Oct. 5)

FERREIRA GOMES ENERGIA SA: The utility service provider unit of Alupar Investimento SA has received approval from the Ministry of Energy and Mines to issue infrastructure debentures, according to a regulatory filing. (Added Sept. 21)

LIGHT SERVICOS DE ELETRICIDADE SA: The Light SA subsidiary plans to sell 470 million reais of local bonds maturing in 2026, according to a regulatory filing. The debt may pay 1.18 percentage points more than the interbank rate. The company is considering sharing guarantees with Brazil’s state development bank, known as BNDES, according to a separate filing. (Updated Sept. 14)

CONTAX PARTICIPACOES SA: The call center operator said its board has approved the sale of 253.4 million reais of six-year bonds in two series to the company’s shareholders. Brazil’s state development bank has committed to purchasing securities not bought by the other shareholders. The first series of bonds is tied to inflation and may pay 6.5 percent and the second series may pay 150 basis points more than the benchmark TJLP rate. (Updated Sept. 3)

CYRELA BRAZIL REALTY SA EMPREENDIMENTOS E PARTICIPACOES: The homebuilder said in a statement its board approved the sale of 400 million reais of five-year bonds. A share buyback plan will be suspended until the sale is concluded. (Added Aug. 17)

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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