trending Market Intelligence /marketintelligence/en/news-insights/trending/6ha5Khq9HzrrUz2ZUWYqqw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Brazil's Banco BMG to issue notes worth 350M reais

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Brazil's Banco BMG to issue notes worth 350M reais

Banco BMG SA is trading up to 350 million reais in subordinated notes and senior debt, the institution said in a filing Aug. 1.

The São Paulo-based bank will place until Sept. 16 up to 300 million reais in senior notes with maturities of between two and four years. Additionally, BMG will sell up to 50 million reais in both 10-year and perpetual subordinated debt.

The notes will be sold in private placements on a first-come, first-served basis, according to the company release.

The bank said it will channel resources tapped from the junior debt issuance into its equity with the goal of "optimizing its capital structure," pending authorization from Banco Central do Brasil.

As of Aug. 1, US$1 was equivalent to 3.82 Brazilian reais.