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Published on 1/17/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

Fitch to rate Itau Unibanco notes BBB

Fitch Ratings said it expects to assign a rating of BBB to Itau Unibanco Holdings SA's upcoming 6.2% subordinated notes due December 2021.

The notes will be issued by the bank's Grand Cayman branch, for an amount of up to $500 million.

Proceeds will be used for general corporate purposes.


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