By Christine Van Dusen
Atlanta, Nov. 7 - Brazil's Itau Unibanco Holding SA upsized its $1.7 billion 5 1/8% notes due May 13, 2023 (Baa2//BBB) by $170 million, pricing the notes at par, according to a company announcement.
BB Securities, Itau Unibanco, JPMorgan and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The original issue totaled $1.7 billion and priced at par to yield Treasuries plus 343 basis points.
The proceeds will be used for general corporate purposes.
Itau Unibanco is a lender based in Sao Paulo.
| Issuer: | Itau Unibanco Holding SA
|
| Amount: | $170 million add-on
|
| Maturity: | May 13, 2023
|
| Description: | Notes
|
| Bookrunners: | BB Securities, Itau Unibanco, JPMorgan, Santander
|
| Coupon: | 5 1/8%
|
| Price: | Par
|
| Yield: | 5 1/8%
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 13
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Total amount: | $1.87 billion, including $1.7 billion priced at par on Nov. 5
|
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