By Christine Van Dusen
Atlanta, May 19 – Brazil’s Itau Unibanco Holding SA priced $1 billion 2.85% three-year notes (Baaa3/BBB-/BBB+) at 99.971 to yield 2.86%, or Treasuries plus 190 basis points, on Monday, a market source said.
The notes were talked at a spread in the low-200 bps area.
BB Securities, BofA Merrill Lynch, Citigroup, Itau BBA 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 billion
|
| Maturity: | May 26, 2018
|
| Description: | Senior notes
|
| Bookrunners: | BB Securities, BofA Merrill Lynch, Citigroup, Itau BBA, Santander
|
| Coupon: | 2.85%
|
| Price: | 99.971
|
| Yield: | 2.86%
|
| Spread: | Treasuries plus 190 bps
|
| Trade date: | May 18
|
| Settlement date: | May 26
|
| Ratings: | Moody’s: Baa3
|
| Standard & Poor’s: BBB-
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus low-200 bps area
|
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