October 17, 2013
Sanepar has defined the terms for a BRL300m ($138m) private placement in Br
Sanepar has defined the terms for a BRL300m ($138m) private placement in Brazil’s domestic bond market. A 5-year tranche is expected to pay 112% of the DI. A 7-year inflation-linked tranche pays 6.75% or the yield on the NTN-B bond at the time of pricing plus 160bp, whichever is greater. The interest rate on each tranche may increase based on a ratings grid. The utility does not respond to a request for additional information on the sale, done under the rule 476 restricted format.