The operation was liquidated on October 17th with total volume of R$400 million
São Paulo, October 17th, 2024 – Agibank concluded its sixth issue of Public Financial Bills today, with total volume of R$400 million. There was strong demand for the Financial Bills, exceeding the book, which resulted in reductions of 10 bps and 30 bps in relation to the ceiling rates of both series, down to CDI + 1,10% and CDI + 1,15% with maturity of two and three years, respectively, and with excellent quality and diversification of the investor base.
The resources will be destined to the execution of the Bank’s business, to diversify its funding base and support the growth of credit operations, following the strategy of high growth with sustainability.
The Financial Bills were issued in two series, with a term of two and three years, starting from the date of issue, and had Banco Itaú BBA as lead coordinator and Banco Bradesco BBI as coordinator. The issuance utilized Agibank’s National Long-term Rating, as ‘A+(bra)” from Fitch Ratings and ‘A+.br’ from Moody’s Local.
“Our sixth issue of Public Financial Bills had great results, with excellent demand from quality investors and great gains in terms of interest rates, which were significantly reduced compared to our previous issue, carried out in April 2024. Issuances to the market are one of several ways for diversifying our funding, and the recurrence of operations puts us in frequent contact with institutional investors, who value the Bank’s transparency and the liquidity of its securities, as well as the ratings upgrades we received in 2024, which also contributed to the success of the operation”, comments Marcello Dubeux, Agibank’s Chief Financial and Investor Relations Officer.
The terms and conditions of the offer are set out in the DIE (Documento de Informações Essenciais), which can be accessed through this link.