Sabesp Announces 3rd Issue of Promissory Notes
do Estado de
the provisions of Instruction 358, of
Securities and Exchange Commission (“CVM”), as amended, hereby informs its
shareholders and the market in general that SABESP’s Board of Directors, at a
meeting held on
the Company, for public distribution, on a firm commitment and restricted
efforts placement basis, pursuant to CVM Instruction 476, of
(“CVM Instruction 476″), in the total amount of six hundred million reais
The structuring and distribution process is being conducted through a pool
of financial institutions, under the leadership of BB Banco de Investimento
S.A. (“BB-BI” or “Lead Coordinator”), also having as coordinators Caixa
Economica Federal (“Caixa”), HSBC Corretora de Titulos e Valores Mobiliarios
S.A. (“HSBC”) and Banco Votorantim S.A. (“Votorantim” and, jointly with the
Lead Coordinator, Caixa and HSBC, “Coordinators”). The Offer shall exclusively
target qualified investors and be presented to the maximum of fifty (50)
qualified investors; however, the Promissory Notes may only be subscribed by,
at the most, twenty (20) qualified investors, as set forth in Article 3 of CVM
Instruction 476.
The Promissory Notes’ maturity term shall be one hundred and eighty (180)
days, as of its issuance date. The funds raised by the Company through the
Promissory Notes shall be allocated for the payment of financial obligations
due in 2009.
The Promissory Notes shall be redeemed and paid with funds to be raised by
the Company through the public issuance of Debentures to be made by it, and
the structuring and distribution process shall be conducted by the
Coordinators on a firm commitment basis.
IR Contact:
maasampaio@sabesp.com.br)
abairoldi@sabesp.com.br)
SOURCE Companhia de Saneamento Basico do Estado de