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Banco do Brasil bond buyback will have positive impact on Q2 profits

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Banco do Brasil bond buyback will have positive impact on Q2 profits

Banco doBrasil SA said its tender offer that repurchased $199.9 million ofa 9.25% coupon perpetual bond will have a positive impact of 54 millionBrazilian reais, net of taxes, on its second-quarter results.

The buyback program was finalized on July 08, the bank saidin a filing.

Earlier in June, the bank received valid tenders from holders of about $217.3million in principal amounts for the notes by the early tender deadline.

As of July 8, US$1 wasequivalent to 3.30 Brazilian reais.