Banco Bradesco , Brazil 's second biggest private sector lender , plans to spend BRL 3bn ( $ 782 million ) to boost capital by issuing 100 million new shares . Bradesco plans to use the money raised to shore up its balance sheet and to pursue new investment opportunities . Following the announcement , Bradesco 's preferred share price rose 10 % to $ 21.35 . The new preferred shares will be offered to shareholders at a discounted price of BRL 17.21 each . Rogerio Jelmayer contributed to this article. The bank 's shareholders will vote on the proposal at a meeting convened on 17th December .
Banco Bradesco , Brazil 's second biggest private sector lender , plans to spend BRL 3bn ( $ 782 million ) to boost capital by issuing 100 million new shares . Bradesco plans to use the money raised to shore up its balance sheet and to pursue new investment opportunities . Following the announcement , Bradesco 's preferred share price rose 10 % to $ 21.35 . The new preferred shares will be offered to shareholders at a discounted price of BRL 17.21 each . The bank 's shareholders will vote on the proposal at a meeting convened on 17th December .