February 20, 2020 |
Paraná state water company Sanepar said it plans to sell BRL350 million ($80.2 million) worth of debentures in a two-part deal on March 15, seeking to take advantage of falling funding costs in Brazil.
Sanepar will set aside the proceeds from one series of seven-year notes and another series of nine-year notes to cover investments and add to working capital, it said a securities filing.
The company previously outlined plans to make BRL7.12 billion in investments through 2023, including BRL1.56 b
Paraná state water company plans to raise $80 mln in a two-part deal