PRIVATE PLACEMENT/POLICY/REGULATION
- From: Vol 4, Issue 7 (July 2003)
- Category: Need to know
- Region: Americas
- Country: Brazil and United States
- Related Companies: Sabesp and UBS Securities
United States: Brazil’s Sabesp completed an offering of US$225 million principal amount of its 12% notes due 2008 in the private placement market.
The proceeds of the offering will be used to refinance the company’s 12% notes due 2003 and to repay certain of its other debts from time to time, Sabesp said. UBS Securities was the sole lead manager for the sale.
Brazil: São Paulo City Council voted through a bill to end Sabesp’s total control over the city ...
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