Latin American trade finance bank Bladex has tapped the Asian market for the third time to secure a three-year US$130mn syndicated loan from Mizuho Corporate Bank and Taiwan Cooperative Bank (TCB).
“We are very pleased to see such keen interest on the part of Japanese and Taiwanese banks."
Mizuho and TCB were joint bookrunners in the deal and were joined by BBVA as a mandated lead arranger.
“We are very pleased to see such keen interest on the part of Japanese and Taiwanese banks in Bladex’s third Asian transaction,” states Gregory Testerman, executive vice-president of treasury and capital markets at Bladex.
“The syndication further diversifies our sources of financing and expands Bladex’s network of Asian correspondent banks. The knowledge, coverage and experience of Mizuho in Asian financial markets were critical to the success of this transaction,” he adds.
Taiwan Business Bank acted as lead arranger for the deal while Bank SinoPac, Chang Hwa Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, China Exim bank and Yuanta Commercial Bank all participated as arrangers for the facility.
The two previous deals that Bladex closed with Asian financial organisations were in August and November 2009, when Mizuho once again lead the charge.
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