New Issue: Brazil's Itau Unibanco sells $1.7 billion 5 1/8% notes due 2023 at par

By Christine Van Dusen

Atlanta, Nov. 6 - Brazil's Itau Unibanco Holding SA sold $1.7 billion 5 1/8% notes due May 13, 2023 (Baa2//BBB) at par to yield 5 1/8%, or Treasuries plus 343 basis points, a market source said.

BB Securities, Itau Unibanco, JPMorgan and Santander were the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for general corporate purposes.

Itau Unibanco is a lender based in Sao Paulo.

Issuer:	Itau Unibanco Holding SA
Amount:	$1.7 billion
Maturity:	May 13, 2023
Description:	Notes
Bookrunners:	BB Securities, Itau Unibanco, JPMorgan, Santander
Coupon:	5 1/8%
Price:	Par
Yield:	5 1/8%
Spread:	Treasuries plus 343 bps
Trade date:	Nov. 5
Settlement date:	Nov. 13
Ratings:	Moody's: Baa2
	Fitch: BBB
Distribution:	Rule 144A and Regulation S

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