Centrais Elétricas do Pará SA (BOVESPA:CELP3) announced a private placement of debentures for gross proceeds of BRL 90,000,000 on August 10, 2016. The company will issue 600 first series simple, non-convertible debentures at BRL 100,000 per debenture for gross proceeds of BRL 60,000,000 and 300 second series simple, non-convertible debentures at BRL 100,000 per debenture for gross proceeds of BRL 40,000,000. The debentures will be issued at par. The debentures will mature on January 15, 2024. The debentures carry fixed interest rate of 8.04% with base of 252 working days. The debentures are guaranteed by the trust sale of real estate property, trust assignment of credit rights and pledge granted by the Equatorial Energia S.A. The first series debenture will be issued on August 11, 2016 and second series debentures will be issued later. The round will include participation from Vinci Fundo De Investimento Renda Fixa Credito Privado, a fund managed by Vinci Capital Gestora de Recursos Ltda. The board of directors of the company approved the transaction.