Brazil's Itau Unibanco plans tap of 5¾% notes due 2021

By Christine Van Dusen

Atlanta, Jan. 24 - Brazil's Itau Unibanco will add on to its existing $1 billion 5¾% notes due Jan. 22, 2021 (Baa2/BBB-/), a market source said Monday.

Deutsche Bank, Itau and Morgan Stanley are the bookrunners for the Rule 144A and Regulation S deal, which could price during the Jan. 24 week.

The original $1 billion issue priced Sept. 16 at 99.886 to yield 5.766%, or Treasuries plus 300 basis points.

Itau Unibanco is a Sao Paulo-based lender.

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