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DCM Itau Social

Sector: Raw Materials • Location: Brazil

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment (the Project) consists of the subscription by IFC of a 3.3-year senior social unsecured bond to be issued by Itaú Unibanco S.A. (“Itaú or the “Bank”) through a local financial instrument denominated “Letra Financeira” (LF), up to the equivalent in Brazilian Real (BRL) of US$200 mm. Itaú will also do its best efforts to issue additional senior social unsecured bonds up to th

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The project “DCM Itau Social” is an infrastructure initiative in the Raw Materials sector, located in Brazil. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

active

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Description

Description

The proposed investment (the Project) consists of the subscription by IFC of a 3.3-year senior social unsecured bond to be issued by Itaú Unibanco S.A. (“Itaú or the “Bank”) through a local financial instrument denominated “Letra Financeira” (LF), up to the equivalent in Brazilian Real (BRL) of US$200 mm. Itaú will also do its best efforts to issue additional senior social unsecured bonds up to the equivalent in Brazilian Real (BRL) of US$200 mm, to be subscribed by additional investors. The LFs will be issued under Itaú’s Sustainability Finance Framework and will support the Bank’s lending program to Women-Owned micro, small and/or medium enterprises (WMSMEs) with a 10% carveout to the WMSMEs located in the underserved regions of the North and Northeast of Brazil.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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