São Paulo water utility to raise funds via bond issue

By
Thursday, November 9, 2017

Brazil's government authorized São Paulo state water utility Sabesp to raise up to 611mn reais (US$188mn) via a debentures issue.

The government said it authorized the company to issue bonds as an infrastructure debenture, which count with tax exemption to attract investors.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

Sabesp plans to use the funds for projects in 71 cities to reduce loss and theft of water.

Additionally, the company secured a loan from the Japan International Cooperation Agency which will provide part of another 123mn reais to combat water loss.