By Christine Van Dusen
Atlanta, Nov. 16 - Brazil's Itau Unibanco SA priced R$500 million notes due November 2015 at par to yield 10½%, a market source said.
Morgan Stanley, Itau and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal, which was talked at a yield in the 10½% area.
The notes are payable in dollars.
Itau Unibanco is a Sao Paulo-based lender.
| Issuer: | Itau Unibanco SA
|
| Amount: | R$500 million
|
| Maturity: | November 2015
|
| Description: | Senior notes
|
| Bookrunners: | Morgan Stanley, Itau, Deutsche Bank
|
| Coupon: | 10½%
|
| Price: | Par
|
| Yield: | 10½%
|
| Trade date: | Nov. 16
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 10½% area
|
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