Itaú returns to bond market with new perps

Itaú returns to bond market with new perps

Bonds Debt Capital Markets Fixed Income Brazil US

Brazilian bank Itaú Unibanco sold $700 million worth of new perpetual bonds on Wednesday in a deal that was five times oversubscribed, a source involved in the deal said. With Bank of America, BTG Pactual, Goldman Sachs, Itaú BBA and JPMorgan as bookrunners, the São Paulo-based lender priced the non-call five, Basel III-compliant tier one bonds at par to yield 4.625%, the source said. Itaú is scheduled to settle the notes on February 27, he added. The bookrunners opened the initial price talk in

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