PROJECT

Projects

Summary of Investment Information

Project Number

49213

Company Name

ITAU UNIBANCO SA

Date SPI Disclosed

Apr 4, 2025

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 3, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 4, 2025

Department

CF6L3 - Regional Industry FIG LAC & EUR/FIG LAC 3 Southern Cone & Brazil

Industry

Financial Markets

Previous Events

Approved : Dec 3, 2024
Signed : Feb 14, 2025
Invested : Feb 20, 2025

Sector

Commercial Banking - General

Project Description

 The proposed investment (the Project) involves the subscription of a 3-year senior bond divided in two series (being one green and other social) issued by Itaú Unibanco Holding S.A., acting through its Grand Cayman Branch (IUH or the Bank) under its Global Medium-Term Note Programme (MTN). The bond was privately placed and listed on the Luxembourg Stock Exchange. The total issuance amount was US$250 million, with IFC subscribing US$200 million and mobilizing IDB Invest to subscribe an additional US$50 million. The bond was additionally issued under Itaú's Sustainability Finance Framework, supporting the Bank's lending program for biodiversity projects related to the Reverte Program and Small and Medium Enterprises (SMEs), with a carve out to support SMEs in Rio Grande do Sul to aid in the disaster recovery in the state.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation