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Brazil's debt-submerged CESP looks to FIDC for R$315m

Struggling hydro-power producer Companhia Energetic de Sao Paulo (CESP) is pressing ahead with plans to issue a receivables investment fund (FIDC) in Brazil's domestic market, sources said. In a release, the company said it was seeking up to R$315 million (US$101 million) in a five-year transaction backed by receivables...

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