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The board of Brazilian homebuilder Cyrela Brazil Realty approved the early payment of 400 million reais ($181 million) in debentures, according to a securities filing late Monday.
The debentures, issued in 2012, are part of the company's sixth-round issuance of debentures. Cyrela, based in São Paulo, is Brazil's biggest homebuilder.
Reporting by Juliana Schincariol; Editing by Lisa Shumaker