Brazil’s Gafisa gets board OK to issue R$130 million four-year notes

By Tali Rackner

Norfolk, Va., July 23 – Gafisa SA’s board of directors approved issuing up to R$130 million principal amount of four-year secured debentures in a single series, according to a 6-K filing with the Securities and Exchange Commission.

The board meeting was held on Monday.

The debentures will mature on July 27, 2018.

This will be the company’s ninth issuance of nonconvertible and unsecured debentures, the filing said.

Gafisa is a homebuilder based in Sao Paulo.

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