Clifford Chance

Clifford Chance advises on US$1.5 billion bond offering by Itaú Unibanco

Leading global law firm Clifford Chance represented BofA Securities, Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities, LLC, and Santander Investment Securities Inc., as Managers, in connection with the offering of US$1 billion 2.900% Senior Notes due 2023 and US$500 million 3.250% Senior Notes due 2025 under the US$100 billion Global Medium-Term Note Program of Itaú Unibanco Holding S.A., acting through its Grand Cayman Branch. The transaction launched and priced on January 16 and closed on January 24, 2020.

Itaú Unibanco is the largest private sector bank in Brazil and one of the largest financial institutions in Latin America.

The Clifford Chance team was Corporate Finance partner Anand Saha and associate Shane Meckler in São Paulo.

Clifford Chance has been recognized for decades as a preeminent law firm in Latin America. The Firm was the first international law firm to open an office in São Paulo and is among the most prominent in Brazil, leading the way in developing successful, novel financing structures for a diverse client-base, and is constantly innovating its service offering, such as with a dedicated Latin America group specialized in capital markets, bank and project financing structures representing initial purchasers, underwriters, issuers and investors. The Firm's lawyers have extensive experience in the region's distinct business, legal and regulatory landscapes. They provide expertise that cuts across a full range of relevant practices, while aligning pioneering solutions with the unique characteristics of the Latin American market and the changing needs of clients.