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Brazil's electric Cemig prepays $104 mln of local debt owed by subsidiary

 

 

 

By Reuters

SAO PAULO
Petroleumworld 07 31 2018

Brazilian state-run electricity company Companhia Energética de Minas Gerais SA has prepaid 385 million reais ($104 million) of a local debt obligation after reopening of an Eurobonds program, according to a securities filing on Monday.

The amount corresponds to 25 percent of the balance of a debt obligation at its wholly owned subsidiary Cemig Geração e Transmissão SA, the filing said.

($1 = 3.7093 reais)

_________________________

Reporting by Ana Mano from Reuters.

reuters.com 07 30 2018

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