trending Market Intelligence /marketintelligence/en/news-insights/trending/T6foquwS86qTJOUFhZD49g2 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 Pine sees 77M reais of share subscriptions in preemptive rights period

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 Pine sees 77M reais of share subscriptions in preemptive rights period

Banco Pine SA said shareholders subscribed about 77.0 million Brazilian reais worth of shares in the preemptive rights period for its capital increase, representing approximately 76.90% of the maximum 100.1 million reais approved amount.

During the preemptive rights period that ended Dec. 12, shareholders subscribed 10,399,359 new common shares and 12,658,975 new preferred shares at an issue price of 3.34 reais apiece.

The bank said 6,925,955 preferred shares were not subscribed, but added that the minimum subscription amount of 62.5 million reais was reached. When it announced the hike in October, the company said controlling shareholder Noberto Nogueira Pinheiro would subscribe to 18,712,575 new shares. Banco Pine noted that 21,482 shares were conditionally subscribed.

The subscription period for the remaining shares will run from Dec. 18 to Dec. 20. If unsubscribed shares remain following that three-day period, the bank will cancel them and partially approve the capital hike.

The capital increase, which is subject to central bank approval and will be ratified at a future meeting of Banco Pine shareholders, aims to strengthen the bank's capital structure and solidify its new business strategy, which focuses on accelerating growth in credit assets.

As of Dec. 16, US$1 was equivalent to 4.07 Brazilian reais.