Brazil's ISA Capital to market $554 million note offering

By Reshmi Basu

New York, Jan. 11 - ISA Capital do Brasil SA plans to start a roadshow for a $554 million offering of short-dated and intermediate-dated senior secured notes, according to a market source.

A roadshow is scheduled to start in London on Monday, followed by visits to New York and Sao Paulo on Tuesday, to Boston on Wednesday, and wrapping up in Los Angeles on Jan. 18.

Proceeds from the sale will be used to refinance existing debt.

ISA Capital is a holding company that owns 89.40% of the common stock of CTEEP, which is Brazil's second-largest electricity transmission company.

ABN Amro and JP Morgan are joint bookrunners for the Rule 144A and Regulation S transaction.

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