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ITUB - Itaú Unibanco raises R$1B in green instrument with IFC
Itau Unibanco Banco Holding SA American Depositary Shares
Itaú Unibanco Holding (NYSE:ITUB) has raised R$1B in green instrument denominated Letras Financeiras Verde in the local market with the Finance Cor., member of the World Bank Group. It is Itaú's first Letra Financeira Verde issuance and the first time IFC uses this instrument in Brazil. The funds will be used to support the financing of electric, hybrid and multifuel vehicles, aiming at fostering the low-carbon economy and boosting the segment of low-GHG-emission vehicles in Brazil.