Sabesp reported this Tuesday that it signed financing of R$1.06 billion with the International Finance Corporation (IFC), a World Bank entity, to invest in basic sanitation infrastructure programs.
The financing, characterized as a “Sustainability-Linked Loan”, will be directed to infrastructure projects in Guarulhos, in Greater São Paulo, related to the Integra Tietê program, which aims to improve the water quality of the Tietê River, and referring to the Sewage System Perus Sanitary, as communicated to the market.
According to the minutes of the Sabesp board of directors meeting, dated November 11, the financing term is 10 years, with a grace period of up to 24 months.
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The interest will be 100% of the CDI, plus a “spread” of up to 1.35% per year, to be defined at the time of requesting the disbursement, in the form of a “back to back” operation. The spread may be reduced “if the achievement of sustainable development goals to be agreed is observed”, according to the minutes.
