Mizuho Arranges $60M Latin American Cross-Border Syndicated Loan for IIC in Asia
December 08 2010 - 4:10PM
Marketwired
Mizuho Corporate Bank, Ltd. ("Mizuho") (NYSE: MFG) today announced
that it successfully closed a three and a half year bullet US$60
million cross-border syndication for the Inter-American Investment
Corporation ("IIC") on November 30th. This financing represents the
3rd cross-border syndicated loan arranged for IIC in the Asian
financial markets. The facility was solely arranged by Mizuho.
Shinya Wako, Managing Executive Officer
and Head of the Americas for Mizuho, commented, "We are very
pleased to have assisted IIC in accessing the global syndicated
loan market and help it to further diversify its funding sources in
Asia. This transaction reflects our ability to provide clients with
access to a broad investor base through Mizuho's extensive
international network, as well as our commitment to deepening
financial ties between Latin America and Asia."
Juan Edurado Zuluaga, Division Chief,
Finance and Risk Management, commented, "Mizuho has done an
excellent job arranging IIC's third time participation in the Asian
syndicated loan market. We are quite pleased with the quality of
the participating Japanese and Taiwanese banks, recognizing IIC's
high credit quality. IIC would like to return to this market again
in the near future."
Mizuho was the Mandated Lead Arranger and Administrative Agent
on the transaction. Lenders include Mizuho, the Export-Import Bank
of The Republic of China and two Japanese regional banks.
In addition to this transaction, Mizuho has arranged a number of
other cross-border syndicated loans for its clients in the Americas
in the past several years. Mizuho was the top-ranked bookrunner of
syndicated loans in Asia in 2009 and has one of the largest loan
syndication groups in Asia, with offices in Tokyo, Hong Kong,
Singapore and Taipei.
About Mizuho Corporate Bank Mizuho
Corporate Bank, Ltd. provides financial and strategic solutions for
the increasingly diverse and sophisticated needs of clients,
focusing its efforts on serving major corporations, financial
institutions, and public sector entities. A relationship management
approach to serving clients enables Mizuho Corporate Bank, Ltd.,
together with affiliates such as Mizuho Securities Co. Ltd., to
develop customized solutions in areas such as corporate, structured
and project finance, investment banking, transaction banking and
risk management. With offices in more than 28 countries, Mizuho
Corporate Bank, Ltd. offers clients both localized service and the
extensive reach of a global business network. Mizuho Corporate
Bank, Ltd. is a subsidiary of the Japan-based Mizuho Financial
Group, Inc. (NYSE: MFG), one of the largest financial services
companies in the world, with total assets of over $1.8 trillion as
of September 30, 2010.
About the Inter-American Investment
Corporation The Inter-American Investment Corporation is a
multilateral financial institution that is a member of the
Inter-American Development Bank (IDB) Group. It provides financing
(in the form of equity investments, loans, guarantees, and other
instruments) and advisory services to private enterprises in Latin
America and the Caribbean. In 2009, the IIC reached US$1.4 billion
in assets and approved 40 transactions channeling US$300 million to
SMEs in the region. The IIC's mission is to promote the economic
development of its regional member countries by encouraging the
establishment, expansion, and modernization of private enterprises,
particularly those that are small and medium in size. For more
information on the IIC's activities, please visit www.iic.int.
Contact: Patrick Phalon (212) 282-3867
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