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Itaú prices senior notes due 2023, 2025

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Itaú prices senior notes due 2023, 2025

Itaú Unibanco Holding SA priced a $1 billion offering of senior notes due January 2023 at a fixed rate of 2.9% and a $500 million issuance of senior notes due January 2025 at a fixed rate of 3.25%.

The offer price for both notes was 100% of their face value.

The Brazilian bank said it plans to use proceeds from the issuance for general corporate purposes.