Itaú Unibanco to repurchase BRL 11B Tier 2 debt
Itaú Unibanco will use call options to repurchase BRL 11 billion of Tier 2 subordinated financial bills, reducing its Tier 2 capital ratio by about 70 basis points.
Rhea-AI Filing Summary
Itaú Unibanco Holding S.A. (ITUB) plans to repurchase all of its Tier 2 Subordinated Financial Bills that were issued in September 2021 and mature in September and October 2031, with a total principal amount of BRL 11 billion. The company states it will exercise the repurchase option on September 21, 2026 and October 21, 2026. According to the disclosure, the estimated impact of this repurchase on Itaú Unibanco’s Tier 2 capital ratio is a reduction of approximately 70 basis points, calculated on the capital base as of June 30, 2026.
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Key Figures
Tier 2 Subordinated Financial Bills to be repurchased: BRL 11 billion
Estimated impact on Tier 2 capital ratio: 70 basis points
Repurchase dates: September 21, 2026 and October 21, 2026
+2 more
5 metrics
Tier 2 Subordinated Financial Bills to be repurchased
BRL 11 billion
Total principal amount of Financial Bills issued September 2021 and maturing in September and October 2031
Estimated impact on Tier 2 capital ratio
70 basis points
Approximate reduction in Tier 2 capital ratio from the repurchase, based on capital base as of June 30, 2026
Repurchase dates
September 21, 2026 and October 21, 2026
Dates on which Itaú Unibanco will exercise the option to repurchase the Financial Bills
Original issuance date
September 2021
Month and year when the Tier 2 Subordinated Financial Bills were issued
Original maturity
September and October 2031
Scheduled maturities of the Tier 2 Subordinated Financial Bills before repurchase
Key Terms
Tier 2 Subordinated Financial Bills, Tier 2 capital ratio, basis points
3 terms
Tier 2 Subordinated Financial Bills financial
"Repurchase of Tier 2 Subordinated Financial Bills Itaú Unibanco Holding S.A."
Tier 2 capital ratio financial
"The estimated impact of the repurchase of Financial Bills on the Company's Tier 2 capital ratio"
basis points financial
"The estimated impact of the repurchase of Financial Bills on the Company's Tier 2 capital ratio is approximately 70 basis points"
Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Itaú Unibanco (ITUB) announce in this Form 6-K?
Itaú Unibanco announced it will repurchase all of its Tier 2 Subordinated Financial Bills issued in September 2021, which mature in September and October 2031, with a total principal amount of BRL 11 billion.
When will Itaú Unibanco (ITUB) repurchase its Tier 2 Subordinated Financial Bills?
The company plans to exercise the repurchase option on September 21, 2026 and October 21, 2026, covering all of the outstanding Tier 2 Subordinated Financial Bills noted in the announcement.
What is the size of the Tier 2 Subordinated Financial Bills repurchase by ITUB?
The repurchase covers Tier 2 Subordinated Financial Bills totaling BRL 11 billion, all issued by Itaú Unibanco in September 2021 and originally scheduled to mature in September and October 2031.
How will the repurchase affect Itaú Unibanco’s Tier 2 capital ratio?
The company estimates that the repurchase will reduce its Tier 2 capital ratio by approximately 70 basis points, based on its capital base as of June 30, 2026.
What type of instruments is Itaú Unibanco (ITUB) repurchasing?
Itaú Unibanco is repurchasing Tier 2 Subordinated Financial Bills, which are subordinated debt instruments that qualify as Tier 2 capital under regulatory capital rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
| 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 September, 2026 | |||||||||||
| Comission 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 Conceição | |||||||||||
| 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– __________________ | |||||||||||
EXHIBIT INDEX
| 99.1 | ITAÚ UNIBANCO - Announcement to the market: Repurchase of Tier 2 Subordinated Financial Bills | ||||||||||
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| 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: September 17, 2026. | ||||||||||||||
Itaú Unibanco Holding S.A. By: /s/ Gustavo Lopes Rodrigues Name: Gustavo Lopes Rodrigues Title: Investor Relations Officer. | ||||||||||||||
Announcement to the market Repurchase of Tier 2 Subordinated Financial Bills Itaú Unibanco Holding S.A. ("Company") informs its shareholders and the market that, on September 21, 2026 and October 21, 2026, will exercise the option to repurchase all off its Tier 2 Subordinated Financial Bills ("Financial Bills"), issued by the Company in September 2021 and maturing in September and October 2031, totaling BRL 11 billion. The estimated impact of the repurchase of Financial Bills on the Company's Tier 2 capital ratio is approximately 70 basis points1. São Paulo - SP, September 17, 2026. Gustavo Lopes Rodrigues Investor Relations Officer 1 Calculated on the capital base as of June 30, 2026.