SABESP Approves Major Debenture Issuance for Professional Investors

The latest update is out from Companhia De Saneamento ( (SBS) ).

SABESP has announced the approval of its 33rd issuance of simple, unsecured, and non-convertible debentures, amounting to three billion and seven hundred million reais, targeting professional investors. This strategic move is aimed at public distribution under automatic registration, likely enhancing SABESP’s financial capabilities and strengthening its market position in the sanitation industry.

More about Companhia De Saneamento

Companhia De Saneamento Básico do Estado de São Paulo – SABESP is a publicly held company based in Brazil, operating in the basic sanitation industry. The company primarily focuses on providing water supply and sewage services in the State of São Paulo, catering to a significant urban population and playing a vital role in the region’s infrastructure development.

YTD Price Performance: -2.15%

Average Trading Volume: 940,828

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $9.61B

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