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Gerdau SA ( (GGB) ) just unveiled an update.
Gerdau S.A. has successfully concluded the public offering of its 18th issuance of simple, non-convertible debentures, totaling R$1.5 billion. The debentures, rated AAA(bra) by Fitch Ratings, were registered under the automatic registration rite by the Brazilian Securities and Exchange Commission and targeted exclusively at professional investors. The offering was led by Itaú BBA and involved several financial institutions as placement agents, with the debentures being fully subscribed by investment funds and a private pension entity.
More about Gerdau SA
YTD Price Performance: -12.37%
Average Trading Volume: 10,696,620
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7B
For an in-depth examination of GGB stock, go to TipRanks’ Stock Analysis page.
