São Paulo, June 2026. Astris Finance congratulates its client CYMI Construções e Participações S.A. (“CYMI”), a subsidiary of Cobra IS and part of the VINCI Group, on the successful financing of the Verde Transmissão and Buriti Transmissão transmission line projects in the state of Minas Gerais, Brazil. The projects comprise two 30-year greenfield concessions that will enhance grid connectivity and support the dispatch of the region's expanding renewable energy generation capacity.
The c. USD 663 million (BRL 3.38 billion) financing will cover the projects' 2-year construction period. To achieve an efficient capital structure, the transactions were structured through infrastructure debentures (debentures incentivadas) fully subscribed by BNDES (the Brazilian Development Bank).
“Transmission infrastructure is the backbone of Brazil's energy transition. As the country continues to integrate large volumes of renewable capacity, assets like Verde and Buriti become increasingly strategic — and so does getting the financing right. This transaction reflects the depth of sector knowledge and long-term relationships that Astris has built in Brazil” said Daniel Uzueli, Head of Brazil at Astris.
Astris acted as the sole financial advisor to CYMI, further strengthening a longstanding global relationship developed through multiple successful transactions, particularly within Brazil’s power transmission sector.
