Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS)

SBS » Topics » FGTS - Severance Fund

This excerpt taken from the SBS 6-K filed May 4, 2005.
FGTS – Severance Fund

In 2003, SABESP signed 16 financing agreements for water and sewage construction works using FGTS funds, whose financial agent is the federal savings bank (Caixa Econômica Federal), paying annual interest rates of 8.0% + Reference Rate (TR) per year for water, and 6.5% + TR per year for sewage, with a maximum grace period of 36 months and an amortization period of 180 months. The amount of R$324.5 million was financed for a R$361 million investment, of which the amount of R$36.5 million was

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transferred from the company’s own funds. One of the 16 financing agreements are at the execution stage while the works related to the others are about to begin.

In 2004, SABESP submitted 40 new projects to the Ministry of Cities through the federal savings bank (Caixa Econômica Federal), financial agent of the FGTS funds, applying for a financing in water and institutional development in the amount of R$714.2 million (investment of R$794.6 million). Four of these projects were approved and signed on June 30, 2004.

The four financing agreements signed in 2004 refer to the water supply system works, 8.0% annual interest rates + TR, a 36-month grace period and amortization in 180 months. The amount of R$154.7 under these agreements is related to a R$172 million investment, R$17.3 million of which being from the company’s own funds. One of these projects is already at the execution stage.

This excerpt taken from the SBS 6-K filed Apr 15, 2005.
FGTS – Severance Fund

In 2003, SABESP signed 16 financing agreements for water and sewage construction works using FGTS funds, whose financial agent is the federal savings bank (Caixa Econômica Federal), paying annual interest rates of 8.0% + Reference Rate (TR) per year for water, and 6.5% + TR per year for sewage, with a maximum grace period of 36 months and an amortization period of 180 months. The amount of R$324.5 million was financed for a R$361 million investment, of which the amount of R$36.5 million was

7


transferred from the company’s own funds. One of the 16 financing agreements are at the execution stage while the works related to the others are about to begin.

In 2004, SABESP submitted 40 new projects to the Ministry of Cities through the federal savings bank (Caixa Econômica Federal), financial agent of the FGTS funds, applying for a financing in water and institutional development in the amount of R$714.2 million (investment of R$794.6 million). Four of these projects were approved and signed on June 30, 2004.

The four financing agreements signed in 2004 refer to the water supply system works, 8.0% annual interest rates + TR, a 36-month grace period and amortization in 180 months. The amount of R$154.7 under these agreements is related to a R$172 million investment, R$17.3 million of which being from the company’s own funds. One of these projects is already at the execution stage.

EXCERPTS ON THIS PAGE:

6-K
May 4, 2005
6-K
Apr 15, 2005
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