April 27, 2020
São Paulo state water company Sabesp has altered plans to sell bonds in the local market, now looking to issue BRL1.45 billion ($260 million) in short-term debentures, it said in a securities filing on Thursday.
The new six-month notes will price at the DI interbank lending rate plus 3.3%, Sabesp said in the filing. It did not say if it has hired banks to coordinate the deal.
In February, Sabesp said it planed to sell up to BRL1 billion in debentures to raise money to pay off debt that comes due
São Paulo state water company now intends to raise $260 mln in short-term debt in the local market