New Issue: Brazil's Itau Unibanco sells $1.25 billion 5.65% 10-year notes at par

By Aleesia Forni

Columbus, Ohio, March 13 - Itau Unibanco Holding SA priced $1.25 billion 5.65% 10-year unsecured subordinated notes (Baa1//BBB) at Treasuries plus 361.5 basis points on Monday, according to a syndicate source.

The notes priced at par.

Bank of America Merrill Lynch, Itau BBA and JPMorgan were the joint bookrunners.

Itau Unibanco is a lender based in Sao Paulo.

Issuer:	Itau Unibanco Holding SA
Amount:	$1.25 billion
Maturity:	March 19, 2022
Securities:	Unsecured subordinated notes
Bookrunners:	Bank of America Merrill Lynch, Itau BBA, JPMorgan
Coupon:	5.65%
Price:	Par
Yield:	5.65%
Spread:	Treasuries plus 361.5 bps
Trade date:	March 12
Settlement date:	March 19
Ratings:	Moody's: Baa1
	Fitch: BBB

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