UPDATE 1-Brazil Cemig says may get all financing locally

(Recasts lead, changes sourcing, adds comments from Cemig CFO, governor of Minas Gerais; dateline previously SAO PAULO)

NEW YORK, June 10 (Reuters) - Cemig (CMIG4.SA), the Brazilian power utility controlled by Minas Gerais state, could obtain all its necessary financing this year in domestic markets, chief financial office Luiz Fernando Rolla said on Wednesday.

Rolla, however, did not rule out a bond issue in international capital markets "if the opportunity is very good."

"We see several opportunities in domestic markets that we are investigating," Rolla said, speaking to reporters at the New York Stock Exchange. "It is very likely that we will finance ourselves completely in the domestic market."

Minas Gerais Governor Aecio Neves, also present at the New York Stock Exchange, said Cemig has been sought by banks that have been offering the company enough financing for future acquisitions.

"We will evaluate the best conditions, either in domestic or international markets, whichever is best for the company," he said.

International Financing Review, a Thomson Reuters publication, earlier reported that banks are proposing Cemig to launch 10-year dollar-denominated bonds during the second half of the year.

Cemig likely will proceed with the deal if it locks in a coupon of no more than 7 percent, said IFR. Cemig might be offering a benchmark-sized issuance, or at least $500 million of bonds, IFR added.

The Belo Horizonte, Brazil-based company will wait until Eletrobras (ELET6.SA), Brazil's state-run power utility, completes a sale of $600 million of dollar bonds next week to gauge investor appetite, IFR said.

Brazilian state development bank BNDES sold $1 billion of bonds last week at rates below 7 percent, in an early sign that debt capital markets are opening for Brazilian borrowers. (Reporting by Walter Brandimarte in New York and Guillermo Parra-Bernal in Sao Paulo; Editing by Leslie Adler)