Banco do Brasil completes buyback of $199.9 mln in perpetual bonds
RIO DE JANEIRO, July 11 (Reuters) - State-controlled Banco do Brasil SA, the nation's largest lender by assets, said on Monday that it finished repurchasing $199.9 million in perpetual bonds, with a rate of 9.25 percent per year, on July 8.
Banco do Brasil said it expected the buyback to positively affect second-quarter results by 54 million reais ($16.3 million).
($1 = 3.31 reais) (Reporting by Stephen Eisenhammer; Editing by Lisa Von Ahn)
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