By Christine Van Dusen
Atlanta, Sept. 17 - Brazil's Itau Unibanco priced $1 billion 5¾% notes due Jan. 22, 2021 (Baa2/BBB-/) at 99.886 to yield 5.766%, or Treasuries plus 300 basis points, a market source said.
Deutsche Bank, Itau Unibanco and JPMorgan were the bookrunners for the Rule 144A drive-by.
Proceeds will be used for general corporate purposes, according to a company announcement.
Itau Unibanco is a lender based in Sao Paulo.
| Issuer: | Itau Unibanco
|
| Amount: | $1 billion
|
| Maturity: | Jan. 22, 2021
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Itau Unibanco, JPMorgan
|
| Coupon: | 5¾%
|
| Price: | 99.886
|
| Yield: | 5.766%
|
| Spread: | Treasuries plus 300 bps
|
| Trade date: | Sept. 16
|
| Settlement date: | Sept. 23
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Distribution: | Rule 144A
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
