Itaú Unibanco issues R$ 5 billion in tier 2 subordinated debt - ITUB News | RalliesItaú Unibanco issues R$ 5 billion in tier 2 subordinated debt
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ITUB• Itaú Unibanco issues R$ 5 billion in subordinated debt
- Itaú Unibanco issued R$ 5 billion of Letras Financeiras Subordinadas Nível 2 in transactions with professional investors.
- The instruments mature in 2036 and 2037.
- They include a repurchase option from 2031, subject to prior authorization from Brazil’s central bank.
- The issuance is expected to add about 0.3 percentage point to the company’s Tier 2 capital ratio.
GSIT
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