Santander Brasil issues BRL 600.3 million in Tier II subordinated debt - BSBR News | RalliesSantander Brasil issues BRL 600.3 million in Tier II subordinated debt
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BSBR• Santander Brasil issues Tier II subordinated debt
- Santander Brasil issued subordinated Financial Bills totaling BRL 600.3 million in private placements.
- Proceeds are earmarked for Tier II Reference Equity, lifting the bank’s Tier II capital ratio under BCB Resolution 122.
- The notes have a ten-year maturity and include a repurchase option starting in 2031.
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