Eletronorte announces funding of $ 132 mm to settle debts

Eletronorte raised R$ 1 billion ($ 132 million) from Bradesco BBI to settle debts that the company held with Eletrobras – its parent company – and other creditors. According to a statement released by Eletrobras on Monday, the fundraising took place through a short-term Bank Credit Note, maturing in 12 months and with an interest rate of CDI + 2.62% per year.

Source: Reuters