Fitch assigns Itau Unibanco notes BB

Fitch Ratings said it assigned an expected rating of BB to Itau Unibanco Holding SA’s senior notes. The amount of the dollar-denominated notes is yet to be determined. The notes will be issued under medium-term note program through Itau Unibanco Holding SA (Cayman Islands)

The tenor of these notes is yet to be determined but is not expected to exceed five years. The interest rate will be fixed, and the interest rate payment frequency will be semi-annual. Proceeds will be used for general corporate purposes.

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