November 16, 2020
São Paulo state water company Sabesp said it plans to issue BRL1 billion ($182 million) in debentures in the local market to refinance debt due next year and add to its cash reserves.
Sabesp did not say which banks it hired to lead the sale, but in July, the last time it sold debentures under Brazil's Rule 476, it worked with BTG Pactual on a BRL1.05 billion deal, according to the local capital markets association Anbima. In that two-part sale, Sabesp priced BRL600 million in seven-year notes at
São Paulo state water company goes for $182 mln in the local market to refinance debt and add to cash reserves