Copasa gets the go ahead for debt
- From: Vol 4, Issue 10 (October 2003)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Unibanco
The water company for the Brazilian state of Minas Gerais is to be allowed to raise more money. It has been doing a good job.
Brazil’s securities exchange CVM has registered Minas Gerais State Water Company Copasa (Companhia de Saneamento de Minas Gerais) as an open capital company. The endorsement facilitates the issuing of lower interest rate debentures and bonds to finance sanitation projects.
The Copasa board has already given the green light to two debenture issues totaling R$600 million (US$200 million ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
