SÃO PAULO, Dec. 5, 2017
/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company")
hereby announces to its stockholders and to the market that today
it priced the offering of perpetual Tier 1 subordinated notes
("Notes"), in the aggregate principal amount of US$ 1.25 billion, to be issued by the Company on
December 12, 2017 ("Issuance").
The Notes will be issued at a fixed rate of 6.125% which will be
applicable until the fifth anniversary of the date of issue.
Thereafter, the coupon will be reset every five years, based on the
prevailing rate for United States Treasury bonds for the same
period. The offer price of the Notes was 100%, resulting in a yield
to investors of 6.125% until the fifth anniversary of the date of
issue.
The Company may repurchase the Notes on the fifth anniversary of
the Issue date or on any subsequent interest payment date, subject
to the prior approval of the Brazilian authorities, including the
Central Bank of Brazil.
The Company will request approval of the Central Bank of
Brazil for the Notes to be
included in its Regulatory Capital as Additional Tier 1 Capital,
adding 60 bps(1) to the Company's Tier 1 capital
ratio.
The Issuance is not subject to registration with U.S. Securities
and Exchange Commisssion ("SEC"), according to and under the
Securities Act of 1933, as amended (the "Securities Act"), neither
it is subject to registration in Brazil with Comissão de Valores
Mobiliários ("CVM") in accordance with applicable law and
regulations.
The Notes were offered only to qualified institutional buyers as
defined by Rule 144A under the Securities Act, and to non-U.S.
persons outside the United States
under Regulation S under the Securities Act.
This announcement to the market shall not constitute an offer to
sell or the solicitation of an offer to buy the Notes, nor shall
there be any sale of the Notes in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
ALEXSANDRO BROEDEL
LOPES
Group Executive Finance Director and Investor Relations
Officer
(1) Considering the exchange rate as of November 30, 2017, of R$
3.26 for US$ 1.00.
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SOURCE Itaú Unibanco Holding S.A.