Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bradesco) reports on a corporate action dated January 18, 2022. The filing announces the issuance of the company's first Sustainable Bond linked to socio-environmental criteria.
Key Financial Metrics
The filing details a specific debt issuance rather than comprehensive financial performance metrics for a reporting period.
- Bond Amount: US$ 500,000,000.00
- Instrument Type: Sustainable international senior debt
- Maturity: 60 months
- Coupon Rate: 4.375% per annum
- Settlement Date: January 18, 2022
The filing text does not provide clear values for revenue, profit, cash flow, margins, total debt, or liquidity positions.
Material Changes
The material change reported is the execution of a new financing transaction. Bradesco has entered the international capital market with a sustainable principle bond, adhering to its Sustainable Finance Framework. This issuance includes a Second Party Opinion (SPO) from Sustainalytics.
Guidance, Outlook, and Risks
Management Commentary: The issuance reaffirms Bradesco's commitment to serving as an agent of positive transformation, aligning with the Sustainable Development Goals (SDGs) and the United Nations Principles for Responsible Banking (PRB).
Risks and Forward-Looking Statements: The filing includes standard forward-looking statements regarding future economic circumstances, industry conditions, and company performance. Management notes that actual results may differ materially from expectations due to risks including general economic and market conditions, industry conditions, and operating factors.
Investor Verification Checklist
- Verify the final settlement of the US$ 500 million bond issuance.
- Confirm the alignment of the bond proceeds with the Sustainable Finance Framework and SDGs.
- Review the full Second Party Opinion (SPO) issued by Sustainalytics.
- Check subsequent filings for the impact of this new debt on the company's overall leverage and liquidity ratios.