Banco Bradesco in $500 Million Bond Offering

January 13, 2011

Cleary Gottlieb represented Banco Bradesco BBI S.A., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as initial purchasers in a $500 million Rule 144A/Reg. S reopening of Banco Bradesco S.A.’s 5.90% Subordinated Notes due 2021. The offering, which priced on January 6, closed on January 13.

The notes will be consolidated and form a single series with Banco Bradesco S.A.’s $1.1 billion 5.90% Subordinated Notes due 2021 that were issued in August 2010.

Banco Bradesco S.A. is one of the largest private sector commercial banks operating in Brazil. It offers a wide range of banking and financial products and services to individuals, small- to mid-sized companies in Brazil and abroad, and large local and international corporations and institutions.