SAO PAULO, June 14, 2011 /PRNewswire/ --
On June 10, 2011, Itau Unibanco S.A. ("Itau Unibanco"), a subsidiary of Itau Unibanco Holding S.A. ("Itau Unibanco Holding"), delivered the irrevocable notice of redemption to the Bank of New York Mellon, the Trustee, for the US$500 million aggregate principal amount 8.70% Perpetual Non-cumulative Junior Subordinated Securities issued by Unibanco - Uniao de Bancos Brasileiros S.A. on July 29, 2005 (the "Perpetual Securities") communicating that Itau Unibanco intends to redeem all of the outstanding Perpetual Securities on July 29, 2011.
This decision is part of Itau Unibanco Holding's permanent liability management and capital optimization process. Itau Unibanco Holding, together with its advisors in the investment banking community, will continue to evaluate opportunities for furthering this exercise.
SOURCE Itau Unibanco Holding S.A.