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Bonds News

CORRECTED-Shareholders in Brazilian reinsurer IRB raise $2 bln in offering -source

(Corrects date in dateline)

SAO PAULO, July 19 (Reuters) - Brazilian reinsurer IRB Brasil Resseguros SA set its price per share at 88 reais in a secondary share offering late on Thursday, two sources with knowledge of the matter said.

The Brazilian government and state-controlled insurance company BB Seguros, both shareholders in IRB, raised 7.4 billion reais ($1.99 billion) in the share offering which is part of a wider effort by President Jair Bolsonaro’s government to unload state-owned assets.

$1 = 3.7187 reais Reporting by Carolina Mandl and Tatiana Bautzer; editing by Jason Neely

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