Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO
DE SÃO PAULO – SABESP
Corporate Taxpayer’s ID (CNPJ) 43.776.517/0001-80
Publicly Held Company
Companhia de Saneamento Básico do Estado de São Paulo – Sabesp hereby announces to the holders of outstanding debentures of the first and second series of its 9th Public Issue of Simple, Non-Convertible Debentures, in Two Series, Without Guarantees (the “Debentures” and the “9th Issue”) that, pursuant to the resolution of the Board of Directors at a meeting held on September 15, 2011 and in accordance with item 6.2 of Clause VI of the Debentures Indenture, it will exercise the right to early redemption of all the outstanding Debentures of the first and second series ("Total Early Redemption"). The Total Early Redemption will be conducted on October 15, 2011 (the "Redemption Date") upon payment of the balance of their Nominal Unit Value unamortized up to the date of the actual redemption, plus: (i) Interest paid, calculated pro rata temporis as of the last date of payment of interest; (ii) monetary restatement, in the case of debentures of the second series; and (iii) redemption premium equivalent to eighty hundredths per cent (0.80%) over the Balance of the Debentures’ Nominal Unit Value, in the case of Debentures of the first series, and one and thirty hundredths per cent (1.30%) over the Debentures’ Nominal Unit Value, in the case of Debentures of the second series. The Total Early Redemption will be paid using the procedures adopted by Cetip S.A. Balcão Organizado de Ativos e Derivativos or by BM&FBovespa, and, in the case of holders of Debentures that are not under the custody of CETIP or BM&FBovespa, payment will be made through Banco Itaú S.A. (Agent Bank and Depositary Institution).
The Debenture Holders’ Trustee is Planner Corretora de Valores S.A.
The assets are registered at the National Debenture Model (SND) under codes SBSP19 and SBSP29, respectively, and at BM&FBovespa under codes SBSP-D91 and SBSP-D92, respectively.
São Paulo, September 27, 2011
Rui de Britto Álvares Affonso
Chief Financial Officer and Investor Relations Officer
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP | ||
| By: | /s/ Rui de Britto Álvares Affonso
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Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.