6-K - Banco Santander (Brasil) S.A. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Banco Santander (Brasil) S.A. issued Financial Bills with a subordination clause totaling R$ 750,600,000.00 to compose Level II of its Reference Equity, positively impacting its Level II capitalization ratio pursuant to BCB Resolution No. 122.

Key Takeaways

1Issued Financial Bills amounting to R$ 750,600,000.00

2Proceeds used to compose Level II Reference Equity (RP)

3Maturity of 10 years with repurchase option as of 2031

4Negotiated with private investors

5Authorized under BCB Resolution No. 122 of August 2, 2021

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$750.6M

Transaction Details

Debt / Financing

Instrument: Financial Bills with a subordination clause
Principal: R$ 750,600,000.00
Maturity: ten (10) years with a repurchase option as of 2031
Use of Proceeds: to compose Level II of the Company's Reference Equity (RP)

Exhibits (1)

6-K