Banco do Brasil SA
began on October 4, 2023 an offer to repurchase perpetual bonds issued by them in 2014 , which have an interest rate of 9% per year, with a repurchase limit of US$1 billion. Holders of these bonds had until October 18, 2023 to express interest in the repurchase, and by that date, bonds worth US$746.8 million had been delivered for repurchase.
The early settlement date is scheduled for October 20, 2023, and the repurchase offer will remain open until November 2, 2023. The operation will be financed with resources from Banco do Brasil and is not expected to significantly impact its liquidity levels.
Whenever there is a reduction in debt, there is a perception that the company has a good level of cash flow generated by operations.