Gafisa endorses debt deal

Gafisa endorses debt deal

Debenture Debt Capital Markets Fixed Income Loans Brazil Coronavirus

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

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