Banco do Brasil Raises $1.4bn in Follow-on

Banco do Brasil Raises $1.4bn in Follow-on

Brazil

Brazil's state-owned Banco do Brasil priced a follow-on of 87m shares Thursday at BRL29.25, a 1.2% discount to its closing price. The offering raised $1.4bn for the bank and the underwriters have the option of buying 13m more shares which could raise

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