January 13, 2021 |
Itaú Unibanco, the largest privately-owned bank in Brazil, issued $500 million worth Tier 2 sustainability-linked dollar-denominated notes on Tuesday, a source involved in the deal said.
The bank priced the new 10.5-year non-call 5.5 notes at 99.671 with a coupon of 3.875% to yield 3.95%, the source said.
BTG Pactual, Citi, Crédit Agricole, Goldman Sachs, Itaú BBA and JPMorgan were the bookrunners for the 2031 bonds, he added.
Itaú opened the deal with the initial price talk in the low-4% area
Brazilian bank issues $500 mln worth 10-year notes to finance and refinance sustainable projects