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Bradespar declares 322M reais in interest on capital

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Bradespar declares 322M reais in interest on capital

Bradespar SA said it will pay 322.0 million Brazilian reais in interest on capital on March 30, 2018.

The payment translates to a net amount of about 73.85 centavos per common share and 81.23 centavos per preferred share. Shareholders of record as of Dec. 22 will be entitled to receive the interest, the company said.

As of Dec. 25, US$1 was equivalent to 3.34 Brazilian reais.