Sabesp picks banks for debenture deal

Sabesp picks banks for debenture deal

Debenture Debt Capital Markets Fixed Income Project & Infrastructure Finance Brazil

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 fiv

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