Bloomberg News

Cemig, GRU Airport, Oi, Ouro Verde, Ultrapar: Brazil Bond Alert

January 10, 2014

Cia. Energetica de Minas Gerais, Concessionaria do Aeroporto Internacional de Guarulhos SA, Oi SA, Ouro Verde Locacao e Servico SA, Santo Antonio Energia SA and Ultrapar Participacoes SA are among issuers that plan to sell bonds in Brazil’s debt markets.

MARFRIG ALIMENTOS SA: The beef producer said in a regulatory filing that it will sell 2.15 billion reais ($899 million) of local bonds convertible into stock and due in 2017 to replace 2015 notes held by BNDES. (Added Jan. 7)

CIA. ENERGETICA DE MINAS GERAIS: The electricity distributor plans to raise 500 million reais in local bonds, Valor Economico reported. (Added Jan. 3)

OURO VERDE LOCACAO E SERVICO SA: The vehicle renter said in a regulatory filing that it may sell as much as 337.5 million reais in four-, five- and seven-year bonds and supplementary offerings. (Added Dec. 27)

CIA. DE TRANSMISSAO DE ENERGIA ELETRICA PAULISTA: The electrical utility said in a regulatory filing that it plans the sale of 500 million reais in five-year local bonds to qualified investors. (Added Dec. 26)

VALE SA: The mining company said in a regulatory filing that it plans to raise 750 million reais of bonds to pay for a railroad in northern Brazil. The value of the offering may be increased by as much as 35 percent depending on demand. (Updated Dec. 16)

ULTRAPAR PARTICIPACOES SA: The petrochemical company said in a regulatory filing that it plans to sell 800 million reais of five-year local bonds. (Added Dec. 12)

CONCESSIONARIA DO AEROPORTO INTERNACIONAL DE GUARULHOS SA: The Guarulhos airport operator, known as GRU Airport, plans to sell as much as 300 million reais in local bonds maturing in 2025, according to Fitch Ratings. (Added Nov. 26)

NEOENERGIA SA: The electricity supplier said in a regulatory filing that it plans to sell 800 million reais of local bonds maturing in four, six and eight years. The four-year bonds may pay as much as 85 basis points more than the overnight rate, the six-year bonds may pay 100 basis points more than the benchmark and the eight-year debt may pay 110 basis points more than the government’s inflation-linked bonds due in 2022. (Added Nov. 12)

TERMELETRICA PERNAMBUCO III: The thermal-plant project plans to sell as much as 300 million reais of local infrastructure bonds in four parts of 75 million reais, all maturing in 2025, according to a regulatory filing. The bonds may pay as much as 355 basis points more than the government’s inflation-linked debt maturing in 2020. Itau Unibanco Holding SA is coordinating the sale. (Updated Nov. 8)

SANTO ANTONIO ENERGIA SA: Finance Director Luiz Pereira de Araujo said in an interview that the energy company is considering a 500 million real sale of infrastructure bonds in the first quarter of 2014. (Updated Sept. 25)

EMPREENDIMENTOS PAGUE MENOS SA: Francisco Deusmar de Queiros, the pharmaceutical company’s president, told Valor Economico that it is considering a local bond sale in 2014. (Added Sept. 5)

LEADER PARTICIPACOES SA: The clothing retailer controlled by Grupo BTG Pactual plans to sell 500 million reais of local bonds, Valor Economico reported, without saying where it got the information. (Added Sept. 3)

OI SA: The phone company plans to sell 1.2 billion reais of local bonds, according to a regulatory filing. The company canceled in July plans to sell 800 million reais of debt. (Added Aug. 15)

TRANSMISSORA SUL BRASILEIRA DE ENERGIA SA: The energy distributor plans to issue 150 million reais of local bonds, according to a statement published on the website of Brazil’s energy regulator, Aneel. (Added June 25)

ESSENCIS SOLUCOES AMBIENTAIS SA: The recycler of industrial waste proposed selling as much as 150 million reais in 15-year local bonds, according to a report e-mailed by Fitch Ratings. (Added April 5)

To contact the reporter on this story: Blake Schmidt in Sao Paulo at bschmidt16@bloomberg.net

To contact the editor responsible for this story: Brendan Walsh at bwalsh8@bloomberg.net


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