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Metalurgica Gerdau SA (GOAU4.SA)

GOAU4.SA on Sao Paulo Stock Exchange

18 May 2018
Change (% chg)

R$ -0.04 (-0.49%)
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Latest Key Developments (Source: Significant Developments)

Metalurgica Gerdau to issue debentures worth up to BRL 450 million
Monday, 11 Jul 2016 06:16am EDT 

Metalurgica Gerdau SA : Said on Thursday that its extraordinary general meeting had approved the fifth private debenture issue totalling up to 450.0 million Brazilian reais ($136.6 million) . Minimum issue value to be subscribed and paid up is 150.0 million reais . Will use 88 percent of net proceeds to amortize short-term debt and 12 percent of net proceeds to strengthen cash position .The debentures will have a term of three years and will mature on August 9, 2019.  Full Article