Eletrobras Settles R$ 700 Million Debenture Issuance
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Eletrobras has settled a R$ 700 million debenture issuance through its subsidiary Eletronorte, part of the Eco Invest Brasil Program, benefiting from tax incentives. The non-convertible, unsecured debentures are aimed at professional investors, with Eletrobras as guarantor. This move is expected to enhance Eletrobras's financial position and support its energy sector initiatives. Analysts rate EBR.B stock as a Buy with a $9.00 price target, citing strong financial performance and positive technical indicators despite regulatory challenges.
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