Sabesp Completes Debentures

Sabesp Completes Debentures

Brazil Bonds

Companhia de Saneamento Basico do Estado de Sao Paulo (Sabesp) has closed a BRL1bn ($483m) sale in Brazil's domestic bond market, according to the CVM. A BRL425m 2018 tranche pays the DI+0.75%, inside of a DI+0.85% limit, and amortizes in three equal parts during the final three years. An inflation-linked BRL395m 2020 tranche pays 4.50%, inside of a 5.70% limit, and amortizes in two equal parts during the final two years. An inflation-linked BRL180m 2023 tranche pays 4.75%, inside a 6.15% limit,

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