By Brazil Stock Guide – Inter & Co Inc. (INTR), the holding company that controls Banco Inter, raised 500.4 million reais ($103 million) through the issuance of subordinated financial notes in a private placement aimed at professional investors.
The transaction, reported by Broadcast on Thursday (18), was split evenly between two instruments. The bank issued 250.2 million reais in perpetual Tier I subordinated notes and another 250.2 million reais in Tier II subordinated notes, according to the company.
Both securities include a call option starting in 2030, subject to prior approval from Brazil’s central bank. Inter said the instruments will be fully incorporated into its supplementary regulatory capital.
The issuance is expected to increase Banco Inter’s Basel capital ratio by about 1.2 percentage points, strengthening the lender’s capital structure and regulatory buffers as it continues to expand its operations in Brazil’s competitive digital banking market.
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