February 20, 2020 |
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
Brazil's largest private sector bank prints $700 mln worth of notes in its second debt deal this year