GS water biz raises debt in Brazil

GS water biz raises debt in Brazil

Debenture Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Rule 476 M&A Brazil Asia Canada

BRK Ambiental, a Brazilian water treatment company owned by the South Korean conglomerate GS Group, has issued BRL450m ($117m) in debentures in the local market, according to the capital markets association Anbima. The lead coordinator Itaú BBA priced the one-year notes at 110bp over the DI interbank lending rate, according to Anbima. GS Inima Environment, the Madrid-based water business held by GS, agreed to spend BRL750m to buy BRK from the Canadian investor Brookfield in May. Odebrecht, which

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