Banco do Brasil Bonds
About the Company:
Founded on October 12, 1808, Banco do Brasil was the first banking institution of Brazil and was also the first entity to make a public stock offering in the Brazilian capital markets, in 1817. The Bank is a multiple service bank with headquarters in Brasília and a significant presence throughout Brazil. In addition, the Bank conducts operations in key global economic and financial centers. The Bank is a publicly held, government controlled corporation, with the Federal Government of Brazil (the “Federal Government”) as its controlling shareholder. Throughout its history, the Bank has mainly focused on retail banking. The Bank is one of the largest financial conglomerates in Brazil in terms of assets with an 17.5% market share as of December 31, 2022, based on data from the Central Bank. The Bank is also the largest bank in terms of agribusiness loans, with a 52.1% market share, and the largest bank in terms of payroll loans, with a 19.6% market share as of December 31, 2022, based on the same data. Moreover, the Bank is the largest bank in Brazil in terms of asset management, with a 24.3% market share as of December 31, 2022, according to the global ranking provided by the Brazilian Association of Capital Market and Financial Entities (“ANBIMA”). The Bank’s sustainable loan portfolio was R$327.3 billion as of December 31, 2022, a 12.3% increase compared to 2021, and represents 33% of the Bank’s expanded portfolio. This amount represents loan lines with high environmental and/or social additionality, or that are intended to finance activities and/or segments that have positive socio-environmental impacts.
The Bank seeks sustainable results, with a focus on asset quality and operational efficiency, and the use of innovative technology to maintain and increase its large client base. The Bank has sought to optimize its allocation of capital, improve its operational efficiency, optimize its organizational structure, and develop new businesses and sources of revenue.
The Bank continues to accelerate its digital transformation and innovation, building upon the evolution of analytical intelligence in the market, while maintaining the focus on its operational efficiency and productivity and on the improvement of processes, products, and channels, so as to create more simple, agile, and integrated solutions to improve customer experience. The Bank also seeks to continue the transformation of its organizational culture, with engaged professionals, focused on innovation and sustainable results.
With over 200 years of operations and strong brand recognition, the Bank’s principal strength is in the Brazilian retail banking market and its business can be grouped into six areas: (i) banking services; (ii) investments; (iii) fund management; (iv) insurance, pension and capitalization; (v) payment methods; and (vi) other businesses. The main activities of each segment are as follows:
Banking services: includes a wide range of banking products and services offered to the Bank’s customers, such as deposits, loans and other financial services;
investments: includes domestic capital markets operations, such as a brokerage, debt (in the primary and secondary markets) and equity investments and other financial services;
fund management: includes buying, selling and custody of marketable securities, management of third-party portfolios and the establishment, organization and administration of investment funds;
insurance, pension and capitalization: includes the sale of products and services related to life, property and automobile insurance and private pension and capitalization plans offered by the Bank’s subsidiary BB Seguridade S.A. (“BB Seguridade”);
payment methods: includes the tracking, transmission, processing and settlement of electronic transactions (credit and debit cards); and
other businesses: includes the management of consortia and the development, sale, leasing and integration of digital electronic equipment, peripherals, computer programs and supplies.
Bond List (USD):
BANBRA 4 3/4 03/20/24
Maturity: 03/20/2024
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 200k
Coupon: 4.750%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 750mm
ISIN: USP1R027AA25
CUSIP: P1R027AA2
Prospectus: https://www.luxse.com/pdf-viewer/100256035
BANBRA 4 5/8 01/15/25
Maturity: 01/15/2025
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 200k
Coupon: 4.625%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 1,000mm
ISIN: USP3772WAH53
CUSIP: P3772WAH5
Prospectus: https://www.luxse.com/pdf-viewer/100261435
BANBRA 3.25 09/30/26
Maturity: 09/30/2026
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 200k
Coupon: 3.250%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 750mm
ISIN: USP2000TAA36
CUSIP: P2000TAA3
Prospectus: https://www.luxse.com/pdf-viewer/102490389
BANBRA 4.875 01/11/29
Maturity: 01/11/2029
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 200k
Coupon: 4.875%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 500mm
ISIN: USP3772WAK82
CUSIP: P3772WAK8
Prospectus: https://www.luxse.com/pdf-viewer/102692819
BANBRA 6.25 04/18/30
Maturity: 04/18/2030
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 200k
Coupon: 6.250%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 750mm
ISIN: USP2000TAB19
CUSIP: P2000TAB1
Prospectus: https://www.luxse.com/pdf-viewer/103495428
BANBRA V9.25 PERP
Maturity: Perpetual
Callable: Yes
Next Call Date: 10/15/2023
Next Call Price: 100.00%
Minimum: $ 200k
Coupon: 9.250%
Coupon Type: Variable
Seniority: Subordinated
Outstanding: $ 1,285mm
ISIN: USP3772WAC66
CUSIP: P3772WAC6
BANBRA V6.25 PERP
Maturity: Perpetual
Callable: Yes
Next Call Date: 04/15/2024
Next Call Price: 100.00%
Minimum: $ 200k
Coupon: 6.250%
Coupon Type: Variable
Seniority: Subordinated
Outstanding: $ 2,000mm
ISIN: USG07402DP58
CUSIP: G07402DP5
BANBRA V9 PERP
Maturity: Perpetual
Callable: Yes
Next Call Date: 06/18/2024
Next Call Price: 100.00%
Minimum: $ 200k
Coupon: 9.000%
Coupon Type: Variable
Seniority: Subordinated
Outstanding: $ 2,200mm
ISIN: USP3772WAF97
CUSIP: P3772WAF9
Prospectus: https://www.luxse.com/pdf-viewer/2091746