Gerdau SA Launches R$1.5 Billion Debenture Offering
Company Announcements

Gerdau SA Launches R$1.5 Billion Debenture Offering

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.

For further insights into GGB stock, check out TipRanks’ Stock Analysis page.

Related Articles
Catie PowersGerdau SA (GGB) Declares Q4 Dividend: Important Details for Shareholders
TipRanks Auto-Generated NewsdeskGerdau Reports Strong Q3 2024 Financial Performance
TipRanks Auto-Generated NewsdeskGerdau S.A.’s Strong Q3 Amid Market Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App