SAO PAULO, Oct. 30, 2012 /PRNewswire/ -- Companhia de
Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one
of the largest water and sewage service provider in the world based
on the number of customers, pursuant to the provisions of
Instruction 358, of January 3, 2002,
issued by the Brazilian Securities and Exchange Commission ("CVM"),
as amended, hereby informs its shareholders and the market in
general that SABESP's Board of Directors, at the meeting held on
October 25, 2012, approved the 16th
issue of simple, unsecured and non-convertible debentures, in a
single series, for public distribution, with restricted placement
efforts, in accordance with CVM Instruction 476, of January 16, 2009, as amended, ("CVM Instruction
476"), in the total amount of R$500,000,000.00 (five hundred million Brazilian
reais) ("Debentures" and Offering", respectively).
The structuring and distribution process is being undertaken by
a consortium of financial institutions, with BB-Banco de
Investimento S.A. acting as the lead manager and Banco Bradesco BBI
S.A. acting as the joint book runner. The Offering will exclusively
target qualified investors and will be presented to a maximum of
fifty (50) qualified investors, though the Debentures may only be
subscribed by a maximum of twenty (20) qualified investors, as set
forth in Article 3 of CVM Instruction 476.
The proceeds from said offering will be allocated to settle the
Company's financial obligations in 2012/2013.
IR Contacts:
Mario Arruda Sampaio: (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
SOURCE SABESP