Companhia de Saneamento Básico do Estado de São Paulo (Sabesp), a major Brazilian water and sanitation company, has completed a $1.5 billion blue bond issuance. The transaction marks one of the largest blue bond offerings in Latin America to date. Clifford Chance served as legal advisor to Sabesp throughout the process.
The funds raised through this bond will support projects focused on sustainable water management and environmental conservation. This issuance reflects growing investor interest in finance instruments dedicated to water-related infrastructure and ecological initiatives.
**Why this matters**
Blue bonds are financial instruments aimed at funding ocean and water resource sustainability. Sabesp’s issuance demonstrates the expanding role of green and blue finance in Latin America’s infrastructure development. It also highlights the increasing commitment of companies and investors to environmental goals in the region.
Source: NewsData