BTG Pactual looks at sub debt

BTG Pactual looks at sub debt

Bonds Equity

Brazilian investment bank BTG Pactual is considering a sale of a hybrid tier one or subordinated tier two instrument to boost its capital base, chief executive Andre Esteves said on an earnings call on Wednesday. The bank would consider selling non-equity capital either privately or to the markets, after the acquisition of Swiss private bank BSI, he said. “We intend to finance the balance of this acquisition using other forms [of capital], probably a combination of tier one, tier two or hybrid i

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