In its first bond issue, Aegea Saneamento raised US$400 million by offering bonds due in 7 years with an interest coupon of 5.75% p.a. paid semiannually. The proceeds will assure greater cash flexibility for the company’s future investments.

With the successful conclusion of its first issue, Aegea effectively opens another funding source and confirms investors’ confidence in its business model and execution capacity. Furthermore, the credibility demonstrated by Aegea’s capacity to tap international credit markets attests to its commitment to good governance practices.

The issue is consistent with Aegea’s strategy to diversify its capital sources of funding, aiming to strengthen its financial position and support the development of its business model. In addition to raising capital from commercial and development banks, the capital markets and multilateral agencies, Aegea has important international investors, such as the International Finance Corporation (IFC), a member of the World Bank, Singapore’s sovereign investment fund (GIC) and the Global Infrastructure Fund (GIF). In addition, Aegea has access to financing through commercial and development banks, capital and multilateral markets. In the last month of September, Aegea, through its subsidiary Nascentes do Xingu, raised R$ 155 million with the issuance of incentive debentures for infrastructure.