July 25, 2019 |
The São Paulo state water company Sabesp said it has hired BTG Pactual to lead a BRL400m ($106m) debenture sale in the local market with support from Banco Safra.
The company has divided the deal into one series of seven-year notes and another of 10-year notes, looking to raise money for investments in water supply systems in 71 municipalities in the state of São Paulo over the next two years.
Sabesp worked with BTG Pactual on a two-part local debt deal in late May, when it sold BRL492m in five-
São Paulo state water company hires BTG Pactual and Banco Safra to arrange a $106m debt sale in the local market