Standard Bank Group was a leading bank and joint bookrunner in the foreign placement of US$250-million through the issuance of 144A/Reg. S bonds, by the power distributing company Centrais Elétricas do Pará S.A. ("Celpa"), a Rede Energia group company.
Standard Bank Group, Bradesco-BBI, HSBC and Itaú-BBA acted as joint bookrunners on the transaction, which has had high demand from theAmericas.
Standard Bank Group provided consultancy services for a number of landmark deals in the power sector, including the issuance of 144A/Reg.S bonds by CESP (denominated in American dollars or Brazilian reais), and, more recently, was the exclusive advisor to the State Grid Corporation of China, the largest utility company in the world, in the acquisition of seven transmission lines in Brazil.
Marcio Santiago, head of Power & Infrastructure at Standard Bank in Brazil, said: "Standard Bank is committed to providing support to companies in the energy and infrastructure sector. The success of this deal is testament to the bank's capital markets experience and strong international capabilities.
"The placement of Celpa's bonds was held, despite the recent troubles in Europe, as well as competition resulting from the placement of other bonds issued by Brazilian companies in the same week. The operation has fulfilled the function of extending the company's mid-term debt, as well as demonstrating its dedication to its long term growth plans and investors."
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