IRB raises $230.3mn in primary follow-on offering
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IRB raises $230.3mn in primary follow-on offering

IRB Brasil Re Rio de Janeiro.jpg

Embattled IRB Brasil Re has raised 1.2bn Brazilian reals ($230.5mn) in a restricted share offering as the company continues to address its capital structure issues.

The Brazilian carrier priced the offering at 1 real per share, or almost 30% down from Thursday’s closing price of 1.4

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