Bank financing deal of the quarter century: Banco do Brasil

Bank financing deal of the quarter century: Banco do Brasil

Bonds

$1bn perpetual hybrid tier one, 2012 Overhauling capital and liquidity standards for lenders in the wake of large-scale bank failures in European and the US has been a complex process. By January 2012, new rules from the global standard-setter, the Basel Committee on Banking Supervision, were mostly clear on hybrid capital – securities that are given equity-like treatment for regulatory capital purposes, but carry the tax advantages of debt. But the Brazilian regulator, the Banco Central do Brasil had not yet ruled over its local application. However, keen to press ahead, Banco do Brasil impressed bank capital structurers globally when it sold a $1 billion hybrid tier one with a unique st

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial