Standard Bank London has launched and placed the following note issue for Brazil ‘s Banco Ita SA (acting through its Grand Cayman branch):
Issuer: Banco Ita SA
Amount: US$150mn
Tenor: 18 months
Coupon: 5% pa
Re-offer yield: 5.05% pa
Issue price: 99.9283%
Sole bookrunner: Standard Bank London
Standard Bank London acted as sole bookrunner for the issue and was joined as joint lead manager by BIE-Bank & Trust Limited and Ita Bank Limited. The issue was originally announced on
Banco Ita is the second-largest private-sector Brazilian bank, with a stockholders’ equity of R10bn as of