Clifford Chance advises Brazil's Eletrobras on US$750 million bond issuance
Press Release by Clifford Chance
Global law firm Clifford Chance has advised Centrais Elétricas Brasileiras S.A. (Eletrobras), Brazil's largest utility, in connection with the issuance of US$750 million 6.500% Notes due 2035. Citigroup Global Markets Inc., Banco Bradesco BBI S.A., Itau BBA USA Securities, Inc., Santander US Capital Markets LLC, UBS Securities LLC, BBVA Securities Inc., BNP Paribas Securities Corp., Banco BTG Pactual S.A. – Cayman Branch and Scotia Capital (USA) Inc. acted as joint bookrunners.
This is the first transaction issued under Brazil's Law 14,801/24, which was passed in early 2024 and provides certain tax advantages to stimulate foreign investment in Brazilian infrastructure projects.
Partner Jon Zonis and counsel Anja Pfleger Andrade led the Clifford Chance deal team, which included associate Natalie Tsang, staff attorney Guilherme Laudisio and intern Beatriz Bonamico.
Pfleger Andrade commented, "Eletrobras is a longtime client, and we are pleased to work with them again on this first-of-its-kind deal – the first issuance of an 'infrastructure bond' in the international markets."
Clifford Chance advises on many offerings in the Latin American market, recently advising Brazil's Sabesp on its US$2.7 billion international shares offering.
The firm also recently advised Eletrobras on the secondary follow-on offering of preferred shares issued by CTEEP – Companhia de Transmissão de Energia Elétrica Paulista, in an aggregate amount of R$2.19 billion (US$398 million), as well as Eletrobras' privatization which was conducted through a US$6.9 billion equity offering in 2022.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Brazil)
Why the outlook for Brazil’s electric bus market is positive
BNamericas spoke with Bruno Paiva, bus sales director of China's BYD.
Lundin Mining reaches renewable energy supply agreement for Brazilian mine
Mining companies in Brazil are speeding up their efforts to reduce greenhouse emissions from their activities.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Brazil)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Cascudo Photovoltaic Plant 7 (Río Grande do Norte, 30 MW)
- Current stage:
- Updated:
5 years ago
- Project: Grade VII
- Current stage:
- Updated:
1 year ago
- Project: Icon 3
- Current stage:
- Updated:
1 year ago
- Project: Painted Stone 3
- Current stage:
- Updated:
6 months ago
- Project: Photovoltaic Plant Walfrido Avila 13 (Minas Gerais, 50.0 MW)
- Current stage:
- Updated:
4 years ago
- Project: Solar das Aroeiras 5
- Current stage:
- Updated:
6 months ago
- Project: Sun 2 X
- Current stage:
- Updated:
1 year ago
- Project: Panorama I
- Current stage:
- Updated:
1 year ago
- Project: Arinos 12
- Current stage:
- Updated:
2 years ago
- Project: Sun 7 III
- Current stage:
- Updated:
1 year ago
Other companies in: Electric Power (Brazil)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Dois A Engenharia e Tecnologia Ltda.  (Dois A)
-
Dois A Engenharia e Tecnologia Ltda. (Dois A) is a Brazilian family-owned construction company established in Natal since 1999, which provides services for civil construction; i...
- Company: China Three Gorges Brasil Energia Ltda.  (CTG Brasil)
-
China Three Gorges Brasil Energia Ltda. is a subsidiary of China Three Gorges Corp. It is involved in the area of electric power generation and has hydroelectric plants and wind...
- Company: General Electric Brasil  (GE Brasil)
-
General Electric do Brasil Ltda. is the local subsidiary of US firm General Electric Co. Its operating segments include power, energy management, oil and gas, aviation, applianc...
- Company: Allonda Energia S.A.  (Allonda)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Cortez Engenharia Ltda.  (Cortez Engenharia)
-
Cortez Engenharia Ltda. is a construction company that belongs to the Brazilian holding company Grupo Cortez. It has developed projects for the industrial and metals sectors, as...
- Company: Sigdo Koppers Ingeniería y Construcción  (SKIC Brasil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: ENGIE Brasil Energia S.A.  (ENGIE Brasil)
-
ENGIE Brasil Energia S.A. is a publicly-held power generation company, headquartered in Florianópolis in Brazil's Santa Catarina state. The company is a public utility concessio...
- Company: EDP Renováveis Brasil, S.A.  (EDP Renováveis Brasil)
-
EDP Renováveis Brasil is a wholly owned subsidiary of Spanish holding company EDP Renováveis S.A. (EDPR) -in turn a unit of Grupo EDP Energias de Portugal- after the latter acqu...