Sabesp makes local bond return

Sabesp makes local bond return

Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Project & Infrastructure Finance Energy Electricity Renewable Wind Rule 476 Brazil

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

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