Banco Santander Brasil, the fourth-largest bank in Brazil priced its 525 million unit offering at R$23.50 (US$13.40), the midpoint of the R$22-R$25 range, on Tuesday evening. The offering consisted of both ADSs that are trading on the NYSE under the ticker "BSBR" and units that are trading on Brazil's BOVESPA under the ticker "SANB11". Santander Investment, Credit Suisse, BofA Merrill Lynch and UBS were the bookrunners on the deal.
