February 24, 2020
São Paulo state water company Sabesp said it plans to sell up to BRL1 billion ($228 million) worth of debentures in the local market, raising money to pay off debt that comes due this year.
Sabesp did not give information on the possible pricing and maturities, but it said it could divide the deal into three parts and decide how much to put in each series during the bookbuilding process.
The company did not say if it has hired the bookrunners to arrange the sale. In recent debt deals in the loca
São Paulo state water company aims to raise $228 mln in the local bond market to pay off debt due this year