Itau Adds Tier 2 Debt

Nov 6, 2012

Itau has raised $1.7bn in 2023 Tier 2 bonds, seeing orders north of $6.5bn. The Brazilian bank priced the unsecured subordinated notes at par with a 5.125% coupon, to yield in line...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management