By William Gullotti
Buffalo, N.Y., May 12 – Brazil’s Aegea Finance Sarl issued $500 million of sustainability-linked senior notes due May 20, 2029 (Ba2//BB), according to a listing notice on Thursday.
According to Moody’s Investors Service, the notes will be guaranteed by Aegea Saneamento e Participacoes SA.
Moody’s also indicated that proceeds from the offering will be used to redeem the company’s approximately $400 million outstanding unsecured notes due 2024 with the remaining amount used for general corporate purposes.
Listing for the Regulation S and Rule 144A notes is expected on the Singapore Exchange effective May 13.
Sao Paulo-based Aegea Saneamento is an operator of public sanitation concessions in Brazil.
| Issuer: | Aegea Finance Sarl
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| Guarantor: | Aegea Saneamento e Participacoes SA
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| Amount: | $500 million
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| Issue: | Sustainability-linked senior notes
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| Maturity: | May 20, 2029
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| Coupon: | 6¾%
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| Issue date: | May 6
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| Listing date: | May 13
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| Ratings: | Moody’s: Ba2
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| Fitch: BB
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| Distribution: | Rule 144A and Regulation S
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| ISINs: | USL01343AA79, US00775CAB28
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