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Material Fact

Material Fact

Porto Alegre, June 10, 2013.

Banco do Estado do Rio Grande do Sul S.A. ("Banrisul"), pursuant to Instruction no. 358 of January 2, 2002, issued by the Brazilian Securities and Exchange Commission ("CVM"), as amended ("CVM Instruction 358"), and Paragraph 4 of Article 157 of Law no. 6,404 of December 15, 1976, as amended ("Corporation Law"), hereby informs its shareholders and the market in general that:

(a) on June 10, 2013, the Board of Administration approved the Company’s first issue of unsecured financial bills, not convertible into shares ("Financial Bills"), with nominal unit value of two hundred thousand Reais (R$200,000.00), totaling up to one billion, six hundred million Reais (R$1,600,000,000.00) on the issue date, which will be the object of public distribution with restricted placement efforts, pursuant to CVM Instruction no. 476 of January 16, 2009 ("Issue");

(b) the Issue will take place in three (3) series, the number of Financial Bills allocated to each series ("Series 1 Financial Bills", "Series 2 Financial Bills" and "Series 3 Financial Bills", whichever the case) to be determined by the bookbuilding process to be conducted by the lead manager of the restricted offering, with the proviso that the total value of the Series 1 Financial Bills shall not exceed seven hundred million Reais (R$700,000,000.00) on the issue date;

(c) the final maturity of the Series 1 Financial Bills, Series 2 Financial Bills and Series 3 Financial Bills will take place two (2) years, three (3) years and four (4) years, respectively, as of their issue date; and

(d) the Financial Bills will be subject to remunerative interest corresponding to a percentage of the accrued variation in the average one-day over extra grupo daily Interbank Deposit rate (DI) expressed as an annual percentage, based on a year of two hundred and fifty-two (252) business days, calculated and disclosed by CETIP S.A. - Mercados Organizados ("DI Rate" and "Remunerative Interest" respectively), with said percentage to be limited to a maximum market reference rate of up to one hundred and eight percent (108%), one hundred and nine percent (109%) and one hundred and ten percent (110%) of the accrued variation in the DI Rate for the Series 1 Financial Bills, Series 2 Financial Bills and Series 3 Financial Bills, respectively. The remunerative Interest on the Financial Bills will be paid every six (6) months.

This Material Fact is being published by Banrisul exclusively in accordance with CVM Instruction no. 358 and Paragraph 4 of Article 157 of Corporation Law. Consequently, this Material Fact is purely informative in nature and should not be interpreted or considered, for all legal purposes, as an attempt to sell and/or disclose the restricted offering.

To access the PDF file, click here.

BANRISUL S.A.

Alexandre Pedro Ponzi
Superintendente de Relações com Investidores
Telefone: +55 (51) 3215-3232
E-mail: ir@banrisul-ri.com.br
Website: www.banrisul.com.br/ir


Contact IR

Phone: +55 51 3215-3232
E-mail: ri@banrisul.com.br

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