Gerdau SA (GGB) has released an update.
Gerdau SA announces the launch of its 17th public offering of simple, non-convertible, unsecured debentures, aiming to raise R$1.5 billion. The issuance, which has received an ‘brAAA’ rating from S&P, is tailored exclusively for professional investors and has been automatically registered with the CVM, bypassing the need for a prospectus. This strategic move by the steel giant is set to commence on May 29, 2024, with the financial settlement of the debentures.
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