Sabsep Starts Roadshow

Sabsep Starts Roadshow

Brazil Bonds

Companhia de Saneamento Basico do Estado de Sao Paulo (Sabesp) has started the roadshow period ahead of a BRL1bn ($483m) sale in Brazil's domestic bond market, according to a prospectus, with bookbuilding scheduled to begin February 6 and finish by February 20. 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 pays the DI plus 0.85%, and amortizes in three equal parts during the final three years. An inflation-l

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