Dec. 8, 2011
Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP
(BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service providers in the world based on the number of customers, pursuant to Instruction 358 of
January 3, 2002
, issued by the Brazilian Securities and Exchange Commission, as amended, hereby informs its shareholders and the market in general that the Board of Directors of SABESP, at the meeting held on
December 8, 2011
, approved the 15th Issuance of simple Debentures, unsecured and non-convertible, for public distribution, with firm commitment and restricted efforts placement basis, pursuant to CVM Instruction 476, up to the amount of
The structuring and distribution process is being conducted by a syndicate of financial institutions led by Banco BTG Pactual S.A., the other underwriter being BES Investimento do Brasil S.A.- Banco de Investimento ("BESI") and, jointly with the Lead Manager. The Offering shall exclusively target qualified investors. It will be presented to a maximum of 50 qualified investors and the debentures may be subscribed by a maximum of 20 qualified investors, as set forth in Article 3 of Instruction CVM 476.
The funds raised through the Debentures will be allocated for the payment of financial obligations due in 2012.
For further information, please contact:
Mario Arruda Sampaio
Phone: (55 11) 3388-8664
Angela Beatriz Airoldi
Phone: (55 11) 3388-8793