11 Dec 2025

Lefosse Advises Coelba on BRL 3.3 Billion Debenture Issuance

"Lefosse advised Companhia de Eletricidade do Estado da Bahia (Coelba) on its 22nd issuance of non-convertible debentures totalling BRL 3.3 billion. Machado Meyer advised the underwriters, led by Itaú BBA and XP Investimentos. The issuance was coordinated by Itaú BBA and XP and proceeds will be used exclusively to pay or reimburse expenses, costs or debts related to investment projects."

Lefosse advised Companhia de Eletricidade do Estado da Bahia (Coelba), while Machado Meyer advised the underwriters, and in-house legal teams for Itaú BBA, XP Investimentos and Neoenergia also participated in the transaction. The transaction comprised Coelba's 22nd issuance of non-convertible debentures, issued in two series, in the aggregate amount of BRL 3.3 billion, pursuant to CVM Instruction 160, as amended. The issuance was coordinated by Itaú BBA Assessoria Financeira and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários. All funds raised by the issuer through the debentures will be used exclusively for the future payment or reimbursement of expenses, costs or debts related to investment projects, as detailed in the indenture. Lefosse represented Companhia de Eletricidade do Estado da Bahia – Coelba with a team composed by: Ricardo Prado (partner); Pedro Cruciol (partner); Fernando Aguiar (associate); Raquel Aguiar (associate). Machado Meyer represented the underwriters, Itaú BBA Assessoria Financeira and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários, with a team composed by: Paulo Markossian Nunes (partner); Ana Carolina Carpegiani (lawyer); Bruno Henrique (lawyer); Giulia Asevedo Noronha (lawyer). Itaú BBA in-house counsel represented Itaú BBA Assessoria Financeira with a team composed by: Maria Catarina de Holanda Bessa; Vitor Guerra. XP Investimentos in-house counsel represented XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários with a team composed by: Beatriz Caldas; Luiza Trindade. Neoenergia in-house counsel represented Neoenergia with a team composed by: Newton Júnior.
Read the full story

Register for free to access daily news.

Register Free
We use cookies to improve your experience, analyze traffic, and serve targeted ads. Read our Cookie Policy.

Cookie Preferences

Customize your cookie settings. Necessary cookies are always enabled.

Strictly Necessary

Required for the website to function (e.g. login, security).

Analytics & Statistics

Help us understand how visitors interact with the website.

Marketing & Ads

Used to deliver relevant ads and track effectiveness.