RIO DE JANEIRO, March 30 PDG Realty,
Brazil's biggest homebuilder, said on Friday it will sell 140
million reais ($77 million) in debentures non-convertible for
shares to finance investment and boost the company's cash
Homebuilders in Latin America's top economy are expected to
post hefty profits for the fourth quarter as lower interest
rates, moderating inflation and easing fears of a global
economic slowdown helped brighten the outlook.
Brazil's house prices are expected to rise more than 10
percent this year on heavy government spending, according to a
Reuters poll of banks, research groups and business groups.
Brazil is one of the few bright spots in the depressed
global housing market still reeling from the 2008-2009 global
($1 = 1.8243 Brazilian reals)
(Reporting by Fabio Couto; Writing by Alonso Soto; editing by