Recent Updates — BBDO
Banco Bradesco S.A.'s Board of Directors approved a capital increase by private subscription of up to BRL 10 billion, with a minimum subscription threshold of BRL 8 billion. The company will issue up to 302,876,396 common shares at R$ 15.43 each and up to 301,976,357 preferred shares at R$ 17.64 each, representing a 6% discount to July 28, 2026 market prices. Preemptive rights are exercisable from August 6 to September 4, 2026, based on holdings as of August 4, 2026. Shareholders may pay via cash or offset credits from interim Interest on Shareholders’ Equity (JCP) declared in March and June 2026. The Board also approved advancing the payment of these JCP amounts, totaling R$ 6.5 billion, to September 15, 2026. This transaction is expected to increase Bradesco’s Common Equity Ratio by approximately 0.9 percentage points to a pro forma level of 12.7%. Banco Bradesco S.A. operates as one of Brazil's largest private banks, providing comprehensive financial services including retail banking, corporate finance, and asset management.
Banco Bradesco S.A. announced a capital increase of R$10 billion through the private issuance of approximately 604.85 million new common and preferred shares at issue prices of R$15.43 and R$17.64, respectively. Shareholders may exercise preemptive rights from August 6 to September 4, 2026, based on holdings as of the record date of August 4, 2026. The transaction requires a minimum subscription of BRL 8 billion; otherwise, unsubscribed shares will be canceled. This equity issuance allows Bradesco to raise capital for its banking operations in Brazil.