The Ministry of Mines and Energy (MME) takes the lead and unlocks infrastructure debentures for a sector with billions in demand (ATTACHED)
The electric sector has taken the lead in enabling the new infrastructure debentures, providing the final push needed for companies in distributed mini-generation to issue this type of bonds. These companies generate power in small plants of up to 3 megawatts (MW) of installed capacity, mostly from solar photovoltaics, to serve low-voltage consumers.
Ministry of Transport will discuss regulation on a new infrastructure debenture with the market
Next week, the Ministry of Transport will open a public consultation to discuss the rules for infrastructure debenture issuances with the market—taking the first concrete step toward bringing these newly sanctioned bonds to market, whose creation was approved this year.
New rules are expected to spark a rush for incentivized debenture issuances
The restrictions outlined in the decree detailing the rules for the new infrastructure debentures—which grant tax benefits to issuers—and incentivized debentures with income tax (IR) exemptions for individual investors are expected to trigger a rush for new transactions.
Regulation from the National Monetary Council (CMN) targets Real Estate Receivables Certificates (CRIs) for hire’ and limits guarantees for incentivized issuances
After a special meeting, the National Monetary Council (CMN) announced a series of restrictions on the issuance of incentivized bonds. The measures, among other things, limit the type of guarantees to back Real Estate and Agribusiness Receivables Certificates, CRIs and CRAs, respectively, and Real Estate Receivables Bills (LCI).
