March 30, 2020
Brazilian real estate company Gafisa said on Friday that its board has approved plans to issue debentures in the local market for as much as BRL2.5 billion ($490 million).
The company did not provide more details on the debt sale, but it added that it will ask shareholders to approve a 12-month share buyback program "to acquire its shares up to the limit permitted by law," according to a securities filing.
Gafisa CEO Roberto Portella said in August last year that the company could sell BRL150 mi
Brazilian real estate company plans to offer up to $490 mln in debentures in the local market