PROJECT

Projects

Summary of Investment Information

Project Number

46238

Company Name

ITAU UNIBANCO SA

Date SPI Disclosed

May 30, 2023

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 30, 2022

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 22, 2025

Department

CF1S7 - Regional Industry - FIG LAC/FIG Investment Operations - LAC

Industry

Financial Markets

Previous Events

Approved : Mar 30, 2022
Signed : Apr 4, 2022
Invested : Apr 7, 2022

Sector

Commercial Banking - General

Project Description

The proposed investment consists of the subscription of a green local instrument denominated “Letra Financeira”, a type of security exclusively for financial institutions,  up to the equivalent in BRL of US$200 million to be issued by Itau Unibanco S.A. (Itau or the Bank), . The Letras Financeiras will be used to support the Bank’s lending to climate-smart vehicles in order to widen access to finance for the acquisition of climate-smart vehicles in Brazil.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation