SAO PAULO, May 23, 2014 /PRNewswire/ -- Companhia de
Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), in
compliance with Rule 358, of January 3,
2002, as amended, issued by the Brazilian Securities and
Exchange Commission,("CVM") hereby informs its shareholders and the
market in general that SABESP's Board of Directors' meeting held on
May 14, 2014, approved the
19th issue of simple, unsecured and non-convertible
debentures, in a single series, for public distribution, with
restricted placement efforts, pursuant to CVM Rule 476, of
January 16, 2009, as amended, in the
total amount of R$500,000,000.00
("Debentures"and "Offer", respectively).
The Offer will target qualified investors only, in compliance
with Article 109 of CVM Rule 409, as of August 18, 2004, and its amendment, of Article 4
of CVM Rule 476. According to Article 3 of CVM Rule 476, the Offer
will be presented to a maximum of 50 qualified investors, though
the Debentures may only be subscribed by a maximum of 20 qualified
investors. The process of structuring and distribution of the
Debentures will be undertaken by a consortium of financial
institutions that are part of the securities distribution
system.
The proceeds from the issue and offer of Debentures will be
used to pay the Company's financial commitments with due date to
2014 and 2015.
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
