Wachovia has just closed a US$25mn, five-year working capital facility with Banco Atlntida of Honduras, says Norman Buchbinder, structured trade finance director at the Charlotte, NC-headquartered bank.


The deal was supported by Washington, DC-headquartered Overseas Private Investment Corporation (OPIC), adds Buchbinder, who is based in Miami. Also in Honduras, Wachovia lent US$10mn to Banco Ficohsa’s mortgage portfolio, in another Opic-backed deal.


Separately from the deals above, Wachovia has a US$250mn agreement with OPIC on DR-CAFTA, the free trade accord signed this year between the US, Central America and the Dominican Republic.