Itau Unibanco issued R$5.0 billion in Tier 2 subordinated financial bills to professional investors, with maturities in 2036 and 2037. The instruments are expected to add 30 basis points to the company’s Tier 2 Capital ratio, strengthening its Referential Equity under applicable Central Bank of Brazil resolutions.

Key Highlights

  • The financial bills mature in 2036 and 2037.
  • Repurchases may begin in 2031, subject to Central Bank of Brazil authorization.
  • The instruments are expected to affect Itau Unibanco’s Tier 2 capital ratio by 30 basis points.

Itau Unibanco Holding S.A. (NYSE: ITUB) issued R$5.0 billion in Tier 2 subordinated financial bills through transactions with professional investors. The instruments will form part of the bank’s Tier 2 capital within its Referential Equity.

Maturities Stretch to 2036 and 2037

The bills carry maturities in 2036 and 2037. The securities were issued in accordance with Resolutions No. 5.007 and No. 122 of the Central Bank of Brazil. The announcement was dated September 10, 2026.

Capital Ratio Impact Estimated at 30 Basis Points

The financial bills have an estimated impact of 30 basis points on Itau Unibanco’s Tier 2 capital ratio. That estimate was calculated using the company’s capital base as of June 30, 2026.