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Itau Lands Tier 2 Debt

Jul 31, 2012

Itau has emerged to raise $1.25bn in 2022 Tier 2 bonds, drumming up around $3.3bn in orders. The Brazilian bank priced the unsecured subordinated bond at par with a 5.500% coupon, to yield at the tight end of 5.500%-5.625% guidance, revised from mid to high 5%. The...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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