By Christine Van Dusen
Atlanta, June 14 - Brazil's Itau Unibanco Holding SA (Cayman Islands branch) sold $500 million 6.2% notes due Dec. 21, 2021 (Baa2//BBB) at 99.764 to yield 6.231%, or Treasuries plus 315 basis points, a market source said.
Bank of America Merrill Lynch and Itau BBA were the bookrunners for the Rule 144A and Regulation S notes.
Proceeds will be used for general corporate purposes.
Unibanco is a lender based in Sao Paulo.
| Issuer: | Itau Unibanco Holding SA (Cayman Islands branch)
|
| Amount: | $500 million
|
| Maturity: | Dec. 21, 2021
|
| Description: | Subordinated tier 2 notes
|
| Bookrunners: | Bank of America Merrill Lynch, Itau BBA
|
| Coupon: | 6.2%
|
| Price: | 99.764
|
| Yield: | 6.231%
|
| Spread: | Treasuries plus 315 bps
|
| Trade date: | June 14
|
| Settlement date: | June 21
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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