Inter & Co’s Banco Inter Raises R$300 Million via Perpetual Subordinated Notes
Inter & Co's subsidiary, Banco Inter S.A., has successfully raised R$300 million through the issuance of perpetual Tier I subordinated financial bills to professional investors in Brazil. This issuance is expected to boost Banco Inter's Basel Ratio by 0.7 percentage points, strengthening its capital position and supporting future balance sheet growth. The stock (INTR) currently holds a Neutral rating according to TipRanks' AI Analyst, driven by improving fundamentals but tempered by increased leverage and weaker technical momentum.