October 17, 2019 / 11:24 PM / 2 months ago

Banco do Brasil share offering raises $1.39 billion- sources

SAO PAULO/BRASILIA, Oct 17 (Reuters) - Brazilian state-controlled lender Banco do Brasil SA priced its shares at 44.05 reais in a secondary share offering, two sources with knowledge of the matter said.

Banco do Brasil and workers’ severance fund FI-FGTS raised 5.8 billion reais ($1.39 billion) in the secondary offering. Investment banking units of Caixa Economica Federal, Banco do Brasil, JPMorgan Chase & Co, Credit Suisse Group AG and XP Investimentos managed the offering.

$1 = 4.1625 reais Reporting by Carolina Mandl in Sao Paulo and Marcela Ayres in Brasilia Editing by Shri Navaratnam

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