BB discusses equity treatment for state hybrid

BB discusses equity treatment for state hybrid

Brazil Loans Equity

Banco do Brasil is in discussion with the finance ministry with a view to having a government loan counted as equity capital. The bank placed a BRL8.1bn ($3.6bn) hybrid capital instrument with the government in September 2012. The financing was to support agricultural lending under Brazil’s Plano Safra. The lender is now in talks with the government to have the hybrid loan counted as equity capital, the lender said on Thursday. Banco do Brasil officials did not immediately respond to requests fo

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