Sabesp prints dual-tranche debenture

Sabesp prints dual-tranche debenture

Brazil Bonds

Sabesp returned to the Brazilian debt capital markets last week, raising BRL500m ($157m) in dual-tranche paper, according to local capital markets association Anbima. The water and wastewater management company sold a BRL350m 2022 note at 0.9% over the DI interbank lending rate and a BRL150m 2020 tranche at 0.6% over the DI. Banco Votorantim led the Rule 476 trade, Bradesco was the agent bank and Oliveira Trust acted as trustee. Sabesp will use proceeds to refinance its financial

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