Sabesp to sell R$1.045 billion debentures to qualified investors

Chicago, July 10 - Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp said its board has approved the sale of R$1.045 billion of unsecured debentures in two parts in a restricted placement.

The debt will be offered to up to 50 qualified investors and up to 20 will be allowed to participate.

Bookbuilding will be aimed at professional investors.

The offering will be the company's 26th issue of simple, unsecured and non-convertible debentures.

Sabesp is a Brazilian state-owned utility that provides water and sewage services and is based in Sao Paulo.

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