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Sabesp Heads to Debenture Market

Nov 16, 2012

Companhia de Saneamento Basico do Estado de Sao Paulo (Sabesp) plans to raise BRL1bn ($483m) in Brazil’s domestic bond market, it says. The Sao Paulo water utility has the option of up to three tranches,...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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