May 29, 2019 |
Sabesp, the São Paulo state water company, has made its return to the local debt market with a two-part deal for BRL867m ($216m), according to the capital markets association Anbima.
The lead coordinator BTG Pactual priced BRL492m in five-year debentures at 49bp over the DI interbank lending rate and BRL375m in eight-year notes at 63bp over the DI, according to Anbima.
Sabesp said last month that it would use the money to pay off debt due this year. The company cancelled a BRL750m deal in July
São Paulo state water company earns $216m from a two-part deal as Taesa and Omega also sell new notes