By Reshmi Basu
New York, Jan. 19 - Banco Itau SA priced an upsized $125 million three-year bonds (Ba2/BB-) at 99.653 with a 4 3/8% coupon to yield 4½%, according to market sources.
The deal, increased from $100 million, came in the middle of price guidance. Guidance had been set at 4¼% to 4 5/8%.
ABN Amro and Itau Bank ran the Regulation S offering.
Banco Itau is based in San Paulo, Brazil.
| Issuer: | Banco Itau SA
|
| Amount: | $125 million
|
| Issue: | Bonds
|
| Maturity: | Jan. 31, 2008
|
| Coupon: | 4 3/8%
|
| Issue price: | 99.653
|
| Yield: | 4½%
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 31
|
| Bookrunners: | ABN Amro, Itau Bank
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB-
|
| Price guidance: | 4¼% to 4 5/8%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
