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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