Loan & DebtJun 11, 2026, 06:06 AM
Itau Unibanco Issues BRL 3 Billion Perpetual Subordinated Bills
AI Summary
Itau Unibanco Holding S.A. announced the issuance of Perpetual Subordinated Financial Bills amounting to BRL 3 billion. These bills, issued to professional investors, are perpetual and can be repurchased starting in 2031, pending Central Bank of Brazil authorization. The issuance is expected to contribute to the company's Additional Tier 1 capital, with an estimated positive impact of 19 basis points on its Tier 1 capital ratio.
Key Highlights
- Issued Perpetual Subordinated Financial Bills totaling BRL 3 billion.
- Bills are perpetual in nature and may be repurchased from 2031.
- Repurchase is subject to prior authorization from the Central Bank of Brazil.
- Financial Bills will compose the Additional Tier 1 of the Company’s Total Capital.
- Estimated impact of 19 basis points on the Tier 1 capital ratio.
- Impact calculated on the capital base as of March 31, 2026.
Price Impact
More from ITUB