By Brazil Stock Guide – Itaú Unibanco Holding SA (ITUB4.SA) said it sold 3 billion reais ($600 million) in perpetual subordinated financial notes aimed at professional investors, a move designed to reinforce its capital base.
The perpetual bonds carry a call option exercisable from 2031, subject to authorization by Brazil’s central bank, the lender said Wednesday in a securities filing signed by investor relations officer Gustavo Lopes Rodrigues.
The notes will be classified as Additional Tier 1 capital under central bank rules, boosting Itaú’s core capital ratio by 0.2 percentage points based on its June 30, 2025 balance sheet.
By choosing subordinated instruments, the bank strengthens its ability to absorb losses before senior creditors and depositors, in line with regulatory capital standards adopted by global lenders. The securities qualify as complementary capital, giving the lender flexibility in balance sheet management.
Itaú did not disclose pricing details, investor demand, or the buyer profile, limiting the disclosure to their eligibility as regulatory capital instruments targeted exclusively at professional investors.