CPFL Energia SA : Said on Monday its board of directors approved an issue of simple non-convertible debentures in the total amount of 620.0 million Brazilian reais ($192.5 million) . Funds to be used for acquisition of stake in AES Sul Distribuidora Gaucha de Energia SA .Debentures to mature on Oct. 20, 2020, to bear an interest corresponding to 114.5 percent of daily average of interbank deposit rates.
AES Corp : AES announces agreement to sell AES Sul in Brazil . Entered into an agreement to sell its 100% equity interest in AES Sul, one of its utilities in brazil, to CPFL Energia S.A . Deal for BRL1,698 million (equivalent to $464 million at expected BRL/USD conversion rate of 3.66 at time of closing) . Sale was previously included in company's 2016 guidance and 2017-2018 expectations .Transaction will remove a total of $335 million in non-recourse debt on AES' balance sheet as of March 31, 2016.