Banco do Brasil shares up over 2% after raising $1.39 billion
Reuters
Published Oct 18, 2019 11:13AM ET
Banco do Brasil shares up over 2% after raising $1.39 billion
SAO PAULO (Reuters) - Shares of Brazilian state-controlled lender Banco do Brasil SA (SA:BBAS3) were up more than 2% on Friday after the bank said it had raised 5.836 billion reais ($1.39 billion) in a secondary share offering.
Earlier on Friday, Banco do Brasil said in a securities filing that it had priced its secondary offering of 132.5 million shares at 44.05 reais, confirming a Reuters' report late Thursday.
Banco do Brasil's common shares were trading up 2.3% at 45.93 reais around noon (1500 GMT), posting the second best performance in the Sao Paulo stock exchange main index (BVSP), which was up 0.07%.
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Written By: Reuters
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