By Rebecca Melvin
New York, Jan. 17 – Itau Unibanco Holding SA priced $1.5 billion of senior notes (Ba3/BB-/BB) in two tranches due 2023 and 2025, according to an announcement.
The $1 billion of three-year notes priced at par with a 2.9% coupon, and the $500 million of five-year notes priced at par with a 3¼% coupon.
Proceeds from the Rule 144A and Regulation S issuance will be used for general corporate purposes.
Itau Unibanco is a lender based in Sao Paulo.
| Issuer: | Itau Unibanco Holding SA
|
| Issue: | Senior notes
|
| Amount: | $1.5 billion
|
| Announcement date: | Jan. 17
|
| Ratings: | Moody’s: Ba3
|
| S&P: BB-
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2023 notes
|
| Amount: | $1 billion
|
| Maturity: | January 2023
|
| Coupon: | 2.9%
|
| Price: | Par
|
| Yield: | 2.9%
|
|
|
| 2025 notes
|
| Amount: | $500 million
|
| Maturity: | January 2025
|
| Coupon: | 3¼%
|
| Price: | Par
|
| Yield: | 3¼%
|
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