January 17, 2020 |
Brazilian bank Itaú Unibanco sold $1.5 billion worth of three- and five-year bonds, a source involved in the deal said on Thursday.
The bank sold $1 billion worth of 2.9% 2023 bonds and $500 million worth of 3.35% 2025 bonds. Both were sold at par, with settlement scheduled for January 24.
The bookrunners Bank of America, Itaú BBA, JPMorgan and Santander started with initial price talk for the three-year notes at 3.2%, but they narrowed the guidance to 2.95% before launching the deal at 2.9%.
Brazil's largest private sector bank raises $1.5 bln from the sale of three- and five-year notes