We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Aegea’s Dollar Bonds Drop Again
April 10, 2026
Dollar bonds of Brazilian water utility company Aegea fell by 2-3 points across the curve. Last week, S&P and Fitch downgraded the firm to B+ and BB- respectively, amid concerns over transparency and governance. This came after Aegea previously restated 2022–24 results to correct its accounting practice for related-party transactions. Aegea’s IPO plans have stalled, and its credit ratings have been cut deeper into junk territory following the delay in releasing its FY2025 financial statements. S&P warned that the failure to publish its results by April 10 could trigger cross-default clauses on its international debt. Analysts note that the company has support from major shareholders like GIC and Itausa. Broadly, Brazil’s credit markets have been impacted in recent times, with recent restructurings by firms like Raízen and CBD.
Aegea’s 7.625% 2036s fell by 3 points to trade at 80.1, yielding 11%.
Go back to Latest bond Market News
Related Posts:
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.