Water Utility Plans Debentures

Companhia Catarinense de Aguas e Saneamento (Casan) plans to raise BRL100m ($48m) in Brazil’s domestic bond market, it says. The Brazilian water utility plans a 2022 inflation-linked debenture paying 9.5%. Caixa Economica Federal and Credit Suisse have been hired. Proceeds from the sale, to be done under the rule 476 restricted format, will be used to cover a cash flow deficit.