Itau Adds Asia Greenshoe

Itau has added $170m to its long 10-year Tier 2 bond, exercising the 10% greenshoe option during Asian market hours and bringing the total issue size to $1.84bn. The Brazilian bank priced the subordinated notes Monday at par with a 5.125% coupon, to yield in line with 5.125%-5.250% guidance. Banco do Brasil, Itau, JPMorgan and Santander managed the Baa2/BBB sale.