NOTICE TO THE HOLDERS

OF

BANCO DO BRASIL S.A. acting through its Grand Cayman branch

as Issuer

Notice of No-Call and Reset to the holders of BANBRA 6.250% Perpetual Non- cumulative Junior Subordinated Securities (the "Securities") issued pursuant to the Indenture dated as of January 31, 2013, as amended and supplement by the First and Second Supplemental Indentures (together, the "Indenture").

ISIN *

144A: US05958AAK43 REG S: USG07402DP58

Notice is hereby given to the holders of the Securities that pursuant to its Call Option set out under Sections 11.8 and 11.23 of the Indenture, the Issuer will not redeem the aggregate Principal Amount of the Securities outstanding on April 15, 2024 (the "First Call Date"). As a result, on the First Call Date, only Non-Principal Payment, comprised of accrued and unpaid interest on the principal outstanding amount of such Securities from October 15, 2023 to (but not including) April 15, 2024 will be paid to investors.

In its decision, Banco do Brasil considered the economic-financial perspective, besides its current and projected liquidity and capital levels. Banco do Brasil will review such decision on a semi-annual period. After the First Call Date, Banco do Brasil has the option to exercise the call on each Interest Payment Date (April 15 and October 15).

According to Section 11.18 (c) of the Indenture, interest of 6.250% will accrue up to (but not including) the First Call Date, and from this date on, interest will accrue at the Reset Rate, until the Call Option is exercised.

Paying Agent:

The Bank of New York Mellon

240 Greenwich Street, 7 East

New York, NY 10286

Attn.: Corporate Trust Administration - Global Americas

Banco do Brasil S.A

acting through its Grand Cayman branch

28 North Church Street, 2nd Floor, Waterfront Centre

P.O Box 1360, KY1-1108 - Grand Cayman, Cayman Islands Tel.: +1 345 949-5907 Fax.: +1 345 949-8872

*No representation is being made as to the accuracy of the ISIN or other identifying code listed on this notice or printed on the Securities.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Banco do Brasil SA published this content on 18 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 13:55:09 UTC.