Paulo Markossian Nunes

Machado Meyer advises on the issuance of Coelba

Machado Meyer Advogados advised on the 3rd issuance of commercial notes, in a single series, for public distribution, under the automatic registration rite, of Companhia de Eletricidade do Estado da Bahia – Coelba, in the total amount of BRL 300 million. The issuance is guaranteed by Neoenergia.

The issuer is responsible for more than 560 thousand kilometers of granted area, serves 415 municipalities and distributes energy to hundreds of people throughout Brazil. The funds raised through the Issue will be used for the future payment of expenses or debts related to the company’s distribution development plan for 2024.

Machado Meyer advised Deutsche Bank S.A. Banco Alemão, Neoenergia, and relied on partner Paulo Markossian Nunes (pictured) and lawyer Bruno Henrique Navas de Carvalho.