Brazilian bond market seeks direction
- From: Vol 9, Issue 10 (October 2008)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: HSBC and Sabesp
Sabesp and Nova Cedae are looking to access the local bond market. The current lack of liquidity is making things difficult.
With stock prices at the quoted Brazilian water companies plummeting by more than 40% over the past month, the last thing their finance bosses will want to consider is raising public debt, especially given that other entities have already postponed proposed debenture issues.
Sabesp, however, appears to be keen to press ahead with a BRL300 million twopart bond, which is ...
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