Dec 27, 2012 - Brazil's renewable energy player Desenvix Energias Renovaveis (SAO:DVIX3M) has announced the closure of its first debenture issue, worth BRL 100 million (USD 48.7m/EUR 36.8m).
Desenvix placed 100,000 simple, non-convertible in shares debentures, priced at BRL 1,000 apiece.
Two intermediary institutions acquired 61,867 debentures, while 12 investment funds bought 31,900 units.
The debentures will mature in 48 months.
Proceeds from the offer are earmarked for general corporate purposes, among which working capital boost, payment of existing debt and investments in the special purpose entities (SPEs) controlled by the company, Desenvix said.