Sabesp Seeks USD Bonds

Sao Paulo water utility Sabesp is heard out with an RFP for dollar and local market DCM funding options, according to DCM bankers. Its last dollar bond was a $140m 10-year done in 2006 through Deutsche Bank. Sabesp has been a frequent issuer in Brazil, and is currently awaiting approval for BRL900m in 2013 and 2015 issues. Sabesp is rated BB by Fitch.