[6-K] Banco Santander (Brasil) S.A. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Banco Santander (Brasil) S.A. reports that it has issued subordinated financial bills totaling R$ 750,600,000.00 in negotiations with private investors. These instruments carry a maturity of ten years and include a repurchase option starting in 2031, following applicable regulations.
The financial bills are authorized to compose Level II capital within the bank’s Reference Equity, in line with BCB Resolution No. 122 of August 2, 2021. This strengthens the bank’s regulatory capital structure by contributing to its Level II capitalization ratio.
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Insights
Santander Brasil issues R$750.6M in Tier 2-like debt to bolster capital.
Banco Santander (Brasil) has issued subordinated financial bills of R$ 750,600,000.00. These qualify as Level II capital under Brazilian rules, meaning they function as loss-absorbing debt that supports regulatory capital rather than ordinary funding.
The instruments have a ten-year maturity with a repurchase option beginning in 2031, which is typical for Tier 2-style capital designed to be long term. Because the proceeds contribute to the Level II capitalization ratio, they can improve the bank’s measured solvency metrics under BCB Resolution No. 122.
The actual impact on investors depends on how this additional subordinated layer interacts with the bank’s existing capital stack and future regulatory requirements. Subsequent disclosures may clarify how much headroom this creates relative to minimum capital thresholds.
SECURITIES AND EXCHANGE COMMISSION
Commission File Number: 001-34476
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
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JUR_SP - 42051905v4 - 1453025.473606 BANCO SANTANDER (BRASIL) S.A. Publicly-Held Company with Authorized Capital CNPJ/MF No. 90.400.888/0001-42 NIRE 35.300.332.067 NOTICE TO THE MARKET BANCO SANTANDER (BRASIL) S.A. ("Santander Brasil" or "Company") hereby informs its shareholders and the market in general that it has issued financial bills with a subordination clause ("Financial Bills"), the proceeds of which will be used to compose Level II of the Company's Reference Equity (RP), in the amount of seven hundred and fifty million and six hundred thousand reais (R$ 750,600,000.00), in negotiations with private investors. The Financial Bills have a maturity of ten (10) years with a repurchase option as of 2031, in accordance with the applicable regulations. The Financial Bills are authorized to compose the Level II Capital of the Company's Reference Equity, with an impact on its Level II capitalization ratio, pursuant to BCB Resolution No. 122, of August 2, 2021. São Paulo, March 24, 2026. Gustavo Alejo Viviani Investor Relations Officer BANCO SANTANDER (BRASIL) S.A.
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Banco Santander (Brasil) S.A. | ||
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By: |
/S/ Reginaldo Antonio Ribeiro
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Reginaldo Antonio Ribeiro Officer without specific designation |
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By: |
/S/ Gustavo Alejo Viviani
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Gustavo Alejo Viviani Vice - President Executive Officer |
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