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Article: Garantia Joint Lead Manager of $400 Million Debenture Offering of Brazilian Water Company CEDAE
- Article from:
- PR Newswire
- Article date:
- November 3, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAO PAULO, Brazil, Nov. 3 /PRNewswire/ -- Banco de Investimentos Garantia S.A. (Garantia), Brazil's leading investment bank, announced today that it will be the joint lead manager and bookrunner of the US$400 million debenture offering by Companhia Estadual de Aguas e Esgotos (CEDAE), Brazil's second-largest water production, distribution, and sewage disposal company. The offering is CEDAE's first public issue.
The three-year issue will be divided into 12 series, with monthly maturities on the 25th of each month. The interest rate has been set at a 3% per year spread above the ANBID (National Association of Brazilian Investment Banks) interbank rate.