Itaú makes private placement

Itaú makes private placement

Debt Capital Markets Bonds Fixed Income Asset Management Funds Brazil

Itaú Unibanco, the largest privately owned bank in Brazil, said it issued $2.1 billion worth of Tier 2 subordinated notes in a private placement with "professional investors." The new notes mature in nine and 10 years, but the São Paulo-based lender can repurchase them in 2025 and beyond, subject to authorization from the central bank, Itaú said in a securities filing on Thursday. Itaú also said it will request approval from the central bank to include the funds raised as Tier 2 capital, adding

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