Brazilian Cemig to try again later with bond plans

Minas Gerais, Cemig, Brazil, LatAm
By Oliver West
11 May 2017

Brazilian electricity company Cemig will return to bond markets towards the end of the month. It had failed to garner sufficient investor interest before its earnings numbers went stale.

Though investors highlighted several potential challenges with the deal, bankers on the bond said that the decision to postpone had been a question of timing.

“Unfortunately we ended up in a tight spot with not a lot of room for manoeuvre with the timescale,” said one banker on the ...

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