By Christine Van Dusen
Atlanta, Jan. 18 - Brazil's Itau Unibanco Holding SA priced a $500 million tap of its 6.2% notes due Dec. 21, 2021 (Baa1//BBB) at 101.471 to yield 6%, a market source said.
The notes were talked in the par area.
Bank of America Merrill Lynch, Itau BBA and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes.
Itau Unibanco is a finance and insurance company based in Sao Paulo.
| Issuer: | Itau Unibanco Holding SA
|
| Amount: | $500 million
|
| Maturity: | Dec. 21, 2021
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Itau BBA, JPMorgan
|
| Coupon: | 6.2%
|
| Price: | 101.471
|
| Yield: | 6%
|
| Trade date: | Jan. 17
|
| Settlement date: | Jan. 21
|
| Ratings: | Moody's: Baa1
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Par area
|
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