Cruzeiro do Sul Unveils IPO Details

Brazilian mid-tiered bank, Banco Cruzeiro do Sul, has unveiled details of its IPO, planned via Bovespa. The offering comprises 36.140 million preferred shares, according to the Bank. The expected price range is between 13.50 Brazilian reals ($6.92) and Brazilian reals 17.50 per share. Trading is expected to begin June 26, the bank said in a statement. UBS is coordinating.