Itau Unibanco Holding S.A 6-K, filed Oct 27, 2022
Itau Unibanco Holding S.A. (ITUB)
About this 6-K
Itau Unibanco Holding S.A filed this 6-K on October 27, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of October, 2022
Commission File Number: 001-15276
Itaú Unibanco Holding S.A.
(Exact name of registrant as specified in its charter)
Itaú Unibanco Holding S.A.
(Translation of Registrant’s Name into English)
Praça Alfredo Egydio de Souza Aranha, 100-Torre Conceicao
CEP 04344-902 São Paulo, SP, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82–
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 27, 2022.
| Itaú Unibanco Holding S.A. | ||
| By: | /s/ Renato Lulia Jacob | |
| Name: | Renato Lulia Jacob | |
| Title: | Group Head of Investor Relations and Market Intelligence | |
| By: | /s/ Alexsandro Broedel | |
| Name: | Alexsandro Broedel | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
ITAÚ UNIBANCO HOLDING S.A. CNPJ 60.872.504/0001-23 A Publicly-Held Company NIRE 35300010230 ANNOUNCEMENT TO THE MARKET ITAÚ UNIBANCO HOLDING S.A. (“Bank” or “Itaú Unibanco”) announces to its investors and to the market that it has decided not to exercise its call option on December 12, 2022 of the US$ 1.25 Billion Perpetual Additional Tier I Bonds (“AT1 Notes”) issued with a fixed rate of 6.125% on December 12, 2017 (ISIN: USP5R6DPAA84 and US46556UAB08). The decision not to exercise the call at this moment is due to economic factors such as higher refinance cost, current market depth and volatility. The Bank continues to be strongly capitalized with 11.1% CET1 and 14.1% Total Capital ratios as of the second quarter of 2022. The AT1 Notes coupon of 6.125% will be applicable until December 12, 2022. After this date, the coupon will be reset based on the initial credit spread of 398 bps plus the prevailing 5 years US Treasury as defined in the Final Terms of the AT1 Notes. The new coupon will be valid until December 12, 2027 or until the call is exercised, whichever occurs before. After the first call option date (December 12, 2022), the AT1 Notes will be subject to semi-annual call options on June 12 and December 12 of each year. Itaú Unibanco will continue to monitor the market very closely and will seek opportunities that are aligned with its strategy to exercise the AT1 Notes call option. São Paulo (SP), October 26, 2022. RENATO LULIA JACOB Group Head of Investor Relations and Market Intelligence Note: This announcement to the market does not constitute an offer to sell or the solicitation of an offer to buy the Bank’s securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.