Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for VRG Linhas Aéreas SA > News item |
Brazil's VRG redeems two convertible debentures for R$88 million
By Jennifer Chiou
New York, Dec. 24 - Gol Linhas Aereas Inteligentes SA said that its subsidiary VRG Linhas Aéreas SA redeemed two of its subordinated convertible debentures for R$88 million.
According to a company release, the issue of the debentures preceded Gol's acquisition of VRG.
At a general meeting on Dec. 19, the beneficiary creditors approved the sale or the earlier redemption of the securities.
An auction was held for the sale of the debentures on the electronic market of Bovespa Fix-Bovespa on Friday. Because there were no bidders at the auction, the two debentures were redeemed.
Gol Linhas Aereas Inteligentes is a low-cost airline based in Sao Paulo, Brazil. It is also the parent of GOL Transportes Aéreos SA.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.