Bloomberg News

Ferreira Gomes, Eolica Geribatu, Transnorte: Brazil Bond Alert

February 04, 2013

Ferreira Gomes Energia SA, Eolica Geribatu I, II, III and V and Transnorte Energia SA are among issuers that plan to sell bonds in Brazil’s debt markets.

BIOENERGY GERADORA DE ENERGIA LTDA.: The renewable-energy developer may issue as much as 250 million reais ($126 million) of inflation-linked bonds with a maturity of as much as 10 years to finance power projects, according to Chief Executive Officer Sergio Marques. (Added Feb. 1)

CPFL PAULISTA: The power distributor said in a regulatory filing that it plans to sell as much as 505 million reais of eight-year bonds to qualified investors only. The bonds will pay as much as the DI plus 83 basis points. (Added Feb. 1)

RIO GRANDE ENERGIA SA: The energy company said in a regulatory filing that it plans to offer as much as 170 million reais of eight-year bonds to qualified investors only. (Added Feb. 1)

RENOVA ENERGIA SA: The renewable-energy developer may sell local infrastructure bonds to help finance 1.5 billion reais in wind-power projects in 2013, Pedro Pileggi, the company’s director of investor relations, said. (Added Jan. 29)

CIA. ENERGETICA DE MINAS GERAIS (CMIG4): The power generator also known as Cemig said in a regulatory filing that it plans to issue 1.6 billion reais of local bonds. The first tranche of five-year bonds will pay as much as the DI plus 73 basis points; the second tranche of eight-year inflation-linked bonds will pay as much as 5.2 percent; the third tranche of 12-year inflation- linked bonds will pay as much as 5.75 percent. (Updated Jan. 24)

EOLICA GERIBATU I, II, III, V SA: The wind plant operators received approval from the Ministry of Energy and Mines to issue tax-exempt infrastructure bonds, according to the official gazette. The four are among the 10 Eolica Geribatu wind park projects and are joint ventures between Fundo de Investimentos e Participacoes Rio Bravo and state-controlled Eletrosul Centrais Eletricas SA. (Updated Jan. 24)

ENERGIA SUSTENTAVEL DO BRASIL SA: The company responsible for building and operating the Jirau dam, controlled by GDF Suez, obtained approval from the Ministry of Energy and Mines to sell tax-exempt infrastructure bonds, according to a statement in the official gazette. (Added Jan. 22)

BROOKFIELD INCORPORACOES SA: The real estate developer said in a regulatory filing that its board approved plans to sell as much as 300 million reais of three-year bonds in two series. The first tranche of 225 million reais may pay the DI rate plus 165 basis points; the second tranche would be 75 million reais of inflation-linked bonds that pay as much as 6.1 percent. The bonds may price by the end of February, according to a person familiar with the matter who asked not to be identified because he isn’t authorized to speak publicly. (Updated Jan. 22)

REDE D’OR SAO LUIZ: The hospital and lab operator plans to issue local bonds worth as much as 270 million reais, Standard & Poor’s said in a report. The ratings company assigned a BB- rating. (Added Jan. 17)

TRACTEBEL ENERGIA SA: The energy company may issue local bonds worth 350 million reais, Valor Economico reported, without saying how it obtained the information. (Added Jan. 14)

AES TIETE SA: The electricity company may issue local bonds worth 470 million reais, Valor Economico reported, without saying where it obtained the information. (Added Jan. 14)

CIA. DE GAS DE SAO PAULO: The natural-gas supplier known as Comgas may issue local bonds worth 400 million reais, Valor Economico reported, without saying where it obtained the information. (Added Jan. 14)

TRIANGULO DO SOL AUTO-ESTRADAS SA: The builder and operator of roads said in a regulatory filing that it plans to sell 620 million reais of domestic bonds and is scheduled to price the securities Feb. 15. BTG Pactual SA, Bradesco BBI SA, Banco Itau BBA SA and Banco Santander SA will manage the sale. A 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 Jan. 11)

CIA. ESTADUAL DE AGUAS E ESGOTOS: The water and sewage utility known as Cedae said in a regulatory filing it plans to sell as much as 150 million reais of local bonds due in 2017 to qualified investors. The bonds may pay 169 basis points more than the overnight rate. (Added Jan. 10)

FLEURY SA: The provider of medical testing services plans to sell 500 million reais of local bonds with a seven-year maturity. The bonds may pay as much as 1 percentage point above the overnight rate, according to a filing. (Added Jan. 8)

IGUATEMI EMPRESA DE SHOPPING CENTERS SA: The mall operator plans to sell 400 million reais of debentures, according to a regulatory filing. The sale will be split between seven-year bonds that may pay 100 basis points more than the overnight rate and eight-year debt adjusted for inflation that may pay 100 basis points. Bradesco BBI is arranging the sale. (Updated Jan. 8)

VIGOR ALIMENTOS SA (VIGR3): 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 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)

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, Arthur Piotto, the company’s finance director, 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)

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)

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)

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)

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 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)

To contact the reporters on this story: Gabrielle Coppola in Sao Paulo at gcoppola@bloomberg.net; Blake Schmidt in Sao Paulo at bschmidt16@bloomberg.net

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


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