Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 383

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 383
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 Bradesco uses certain arrangements
to optimize its activities of funding and liquidity management by means of a Specific Purpose Entity (SPE). This SPE, which is named International
Diversified Payment Rights Company, is financed with long-term bonds which are settled with the future cash flow of the corresponding
assets, basically comprising current and future flow of payment orders sent by individuals and legal entities abroad to beneficiaries
in Brazil for whom Bradesco acts as payer.

The long-term instruments issued by the
SPE and sold to investors will be settled with funds from the payment orders flows. The Company is required to redeem the instruments
in specific cases of default or upon closing of the operations of the SPE.

The funds deriving from the sale of current
and future payment orders flows, received by the SPE, must be maintained in a specific bank account until they reach a given minimum level.

  Changes in securities issued  
 ────────────────────────────────

  Schedule of changes in securities issued                                         
 ───────────────────────────────────────────────────────────────────────────────────
                                                 R$ thousands                      
                                                         2024                2023  
  Opening balances on January 1                   244,966,258         222,257,328  
  Issuance                                         54,734,757         105,259,934  
  Interest accrued                                 27,427,073          25,707,778  
  Settlement and interest payments              ( 70,199,968)      ( 108,774,110)  
  Exchange variation and others                     1,049,224             515,328  
  Closing balance on December 31                  257,977,344         244,966,258  

  20)      SUBORDINATED DEBTS  

  Composition of subordinated debt  

  Schedule of composition of                                                                                                      
                    Maturity                R$ thousands                                                                          
                                  Original term in years      Nominal amount      On December 31, 2024      On December 31, 2023  
                  In Brazil:                                                                                                      
            Financial bills:                                                                                                      
                        2024                           -                   -                         -                   133,720  
                        2025                           7           3,871,906                 6,659,038                 5,952,305  
                        2027                           7             401,060                   640,590                   566,936  
                        2024                           -                   -                         -                   277