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Get the news on sustainable finance & investment in Latin America Email * Company * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Brazilian water and sanitation company Aegea Saneamento unveiled a $600 million financing package on Friday that includes a $480 million syndicated ESG loan and an impending sale of bonds in the local market. The loan was signed with a pool of local and international lenders and is to be settled in March, Aegea said in a securities filing. The five-year loan will charge interest at SOFR plus 3.4%, according to minutes of a board meeting. Aegea said that to complete the financial package, it intends to issue BRL720 million ($120 million) worth of debentures due in 2030 and priced at the DI interbank lending rate plus 2.45%. It said the loan is considered “blue” due to “the allocation of the proceeds to projects focused on environmental preservation and sustainable use, and recovery of water resources and marine ecosystems.” ADVERTISEMENT Overcoming Three Challenges to Unlock the Potential of Green Hydrogen Several countries in Latin America and the Caribbean have an adequate renewable energy generation capacity, abundant water resources and other favorable conditions to diversify the power generation matrices and decarbonize energy-intensive industrial segments. Breaking down legal, regulatory, financial, technical and market barriers can help them lead the charge on clean energy initiatives. The loan will be backed by the sale of BRL2.9 billion in debentures. ‘RAPID GROWTH’ The financing package comes just a few weeks after the company’s Água de Manaus subsidiary obtained BRL1.5 billion in funding from Brazilian development bank BNDES. Moody’s Ratings said in a report last month that Aegea has a “comfortable cash position and an extended debt maturity schedule.” It also noted the company’s “appetite for rapid growth” and its “aggressive financial policy.” In the past four years, Aegea won 12 concessions and public-private partnerships, including two in Rio de Janeiro, with a total of BRL45 billion in investment commitments. Brazilian infrastructure group Equipav has a 53% stake in the company, while Singapore wealth fund GIC has 34% and Brazilian financial holding Itaúsa has 13%. More Sustainable Finance & Investment News FREE TO READ THANKS TO Bimbo, Nafin print local bonds Mercader plans local ESG bond sale Climate Fund Managers expands LatAm ESG portfolio CABEI prices maiden sterling bond Cargill buys out SJC Bionergia investors BBVA México signs new SLL BBVA Perú prints gender bonds Aegea gets fresh BNDES financing GDPar to price second Brazil bond Aguas Andinas returns to Chile market with ESG bond CABEI plans sterling bond debut CCR secures renewables supply Load more posts Something went wrong. Please refresh the page and/or try again.
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