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Metalurgica Gerdau SA (GOAU4.SA)

GOAU4.SA on Sao Paulo Stock Exchange

21 Feb 2018
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R$ 7.84
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Latest Key Developments (Source: Significant Developments)

Metalurgica Gerdau to issue debentures worth up to BRL 450 million
Monday, 11 Jul 2016 

Metalurgica Gerdau SA : Said on Thursday that its extraordinary general meeting had approved the fifth private debenture issue totalling up to 450.0 million Brazilian reais ($136.6 million) . Minimum issue value to be subscribed and paid up is 150.0 million reais . Will use 88 percent of net proceeds to amortize short-term debt and 12 percent of net proceeds to strengthen cash position .The debentures will have a term of three years and will mature on August 9, 2019.  Full Article

EMERGING MARKETS-LatAm markets kick off 2018 with a rally

By Bruno Federowski SAO PAULO, Jan 2 Latin American markets started 2018 on Tuesday on a strong footing as solid global economic growth data drove investors to unwind year-end hedges. China's Caixin index of Chinese industry rose to a four-month high of 51.5 in December, confounding forecasts for a decline. The reading pointed to resilience for the world's largest consumer of commodities even as Beijing cracks down on industrial pollution and engineers a cooling prope