trending Market Intelligence /marketintelligence/en/news-insights/trending/Glx8NvgwoFijA_5XDqsZUg2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Banco Indusval approves 56.1M real capital hike

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Banco Indusval approves 56.1M real capital hike

The board of Banco Indusval SA approved a capital increase worth about 56.1 million Brazilian reais, which will be carried out through the issuance of 16,023,098 common shares.

The measure will be executed through the conversion of 184 financial letters to common shares, which will be issued at a price of 3.50 reais apiece. Financial letters are long-term, fixed-income securities issued by Brazilian financial institutions.

The issuance will be done in two series, with the first tranche to be composed of 7,335,075 shares and the second one comprised of 8,688,023 shares.

Banco Indusval's capital stock will increase to about 1.16 billion reais following the most recently approved increase. The company noted that its level I capital index fell below 9% in November 2019.

In a previous capital hike in May 2019, Banco Indusval said it was aiming to strengthen its balance sheet and the move should help in fulfilling regulatory capital requirements following years of net losses and negative capital ratios.

As of Jan. 3, US$1 was equivalent to 4.04 Brazilian reais.