Gafisa Completes Debenture Sale

Brazilian real estate developer Gafisa has completed its BRL250m 2018 debenture issue. The bonds are rated A on a national scale and pay interest at 107.2% of the DI rate. Proceeds will be used for general capital needs, including the repayment of debt and investing in real estate projects. Banco do Brasil and Banco do Nordeste managed the sale.