Brazil's Bradesco mulls issuance of new bank subordinated debt [Reuters]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
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Source: Reuters
Brazil's Bradesco mulls issuance of new bank subordinated debt SAO PAULO, April 13 (Reuters) - Brazil’s second largest private lender Banco Bradesco SA said it is likely to borrow money from the country’s central bank using its credit portfolio as collateral this month, vice-president Cassiano Scarpelli said in a call on Monday. Earlier in April, the country’s Monetary Council authorized the central bank to lend directly to banks using credit portfolios as collateral, in a move that would allow banks in Brazil to issue 650 billion reais in new loans.
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