Sabesp Heads to Debenture Market

Sabesp Heads to Debenture Market

Brazil Bonds

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, with the final terms to be set during bookbuilding. A 2018 tranche would pay 100% of the DI, and amortize in three equal parts during the final three years. An inflation-linked 2020 tranche would pay 5.70%, and amortize in two equal parts during the final two years. An inflation-linked 2023 tran

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