The Chilean bank Banco de Credito e Inversiones (Bci) has signed a US$400mn trade-related term loan facility, arranged via sole mandated lead arranger and bookrunner BayernLB.

Originally launched at US$300mn, the deal proved popular in syndication with the borrower opting to take the increased amount of US$400mn.

Carrying a tenor of five years, the deal pays a margin of 20 basis points per year for years one to three, rising to 22bp for years four to five. Repayment is to be made on a bullet basis.

The facility attracted 19 lenders from 11 different countries. As initial MLA BayernLB is lending US$52mn to the syndication. Commerzbank is also joining as MLA, contributing US$40mn. The Panama branch of Natixis is contributing US$35mn as a MLA. A further three banks are acting as MLAs, all lending US$30mn: ING Wholesale Banking, Landesbank Baden-Wurttemberg and Landesbank Rheinland-Pflaz.

Both lead arrangers, Erste Bank and Norddeutsche Landesbank, are committing US$25mn to the facility.

Arrangers are Intesa Sanpaolo and WestLB, both of which are contributing US$20mn via their New York branches. Lead managers Caixa Geral de Depositos and WGZ Bank are both contributing US$15mn.

A total of seven banks are joining as managers. Banco Popular Espanol is contributing US$3mn, while the other banks are all contributing US$10mn. The remaining institutions are American Express Bank, Citibank, HSBC, Landesbank Saar, Standard Chartered Bank, and Zurcher Kantonalbank.