Banco Inter SA completed the latest round of conversion of its preferred and common shares to share deposit certificates, also known as units, the company said in a Sept. 17 filing.
The conversion included 18,333,449 preferred shares and 241,378 common shares, for a total of 18,574,827 shares, or about 33.62% of the bank's total stock. A unit represents 1 common share and 2 preferred shares.
The company said it now has 152,307,596 units, with about 91.5% of its total outstanding shares to be traded in this share cluster.
