July 26, 2016 / 10:00 PM / 3 years ago

Brazil's Energisa prices offer at 18.5 reais, near ceiling

SAO PAULO, July 26 (Reuters) - Energisa SA priced on Tuesday an offering of new stock near the upper end of a suggested range, signaling a stronger industry outlook will bolster plans by Brazil’s No. 6 power distributor to cut debt.

According to data obtained from securities industry watchdog CVM, Energisa sold 61.5 million units, and placed a combined 22.52 million units in supplementary and additional allotments. The company expected to price the units - comprised of one Energisa common share and four preferred shares - between 16 reais and 20 reais each.

Reuters reported earlier in the day that the offering was to be priced at 18.50 reais, fetching 1.137 billion reais ($348 million) in primary proceeds, that is excluding supplementary and additional allotments. (Reporting by Guillermo Parra-Bernal; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below