March 13, 2018 |
Itau Unibanco has returned for more perpetual debt, this time printing $750m in five-year Basel III Tier One perp bonds, sources confirmed.
Banco do Brasil, Bank of America Merrill Lynch, BNP Paribas, HSBC and Itau BBA started price talk in the mid-6% area, before tightening to 6.5% area at time of guidance, DCM bankers said. Leads then launched the trade at the same yield.
One banker not directly involved in the transaction said the Brazilian bank's second trade in merely months was a signal th
Brazil's largest bank secures $750m in Tier One Basel III debt, signals that "market is open," sources