Banco ABC Brasil Released Announcement to Market
OREANDA-NEWS. October 3, 2012. Banco ABC Brasil S.A., (“Company”) comes to public to inform its shareholders and the market that it will reopen the subordinated notes (“Notes”) due 2020. The additional notes will form a single issue with the notes previously issued and approved on April 8, 2010.
Subject to the approval of the Central Bank of Brazil, in accordance with Resolution CMN n° 3.444/2007, the Notes will be eligible to be accounted for Tier II capital of the Company.
The terms of the issuance reopening are the following:
Issuer: |
Banco ABC Brasil S.A. |
Type: |
Tier II Subordinated Notes |
Expected Issuance Rating: |
Ba1 - Moody's |
Format: |
Rule 144A / Regulation S |
Amount: |
USD 100,000,000 |
Interest: |
7.875% per year, paid semi-annually |
Settlement Date: |
October 9, 2012 |
Maturity Date: |
April 8, 2020 |
Bookrunners: |
HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc. and Santander Investment Securities Inc. |
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Subordinated Notes.
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