Mizuho and Standard Chartered Bank Arrange $155M Cross-Border Syndicated Loan for Santander (Brasil) in Asia
January 10 2011 - 11:58AM
Marketwired
Mizuho Corporate Bank, Ltd. ("Mizuho") and Standard Chartered Bank
successfully closed a 2-year USD155 million cross-border
syndication for Banco Santander (Brasil) S.A. ("Santander Brasil"),
the third-largest private bank in Brazil in terms of assets.
The deal will help Santander Brasil to further diversify its
funding sources in Asia and reflects Mizuho and Standard Chartered
Bank's commitment to deepening financial ties between Latin America
and Asia.
Maximiliano Herrera Foessel, Head of
Structured & International Funding, Santander Brasil, stated
"This is a highly strategic transaction for us as it is the first
one that we placed in the Asian bank market, where we are keen on
developing new banking relationships. Thus, we foresee this
Syndicated Loan as a spearhead for our funding strategy in this
region."
Mizuho and Standard Chartered Bank were the Mandated Lead
Arrangers and Bookrunners. In addition to the Bookrunners, five
Asian banks joined the deal including Bank of Taiwan, Export-Import
Bank of the Republic of China, and Malayan Banking Berhad as Lead
Arrangers, and Bank SinoPac and The Shanghai Commercial and Savings
Bank, Ltd. as Lead Managers.
About Banco Santander (Brasil) Banco
Santander (Brasil) S.A. ("Santander Brazil") is a leading
full-service bank in Brazil which is one of the most attractive
markets in the world given its growth potential and low penetration
rate of banking products and services. It is the third-largest
private bank in Brazil in terms of assets according to the
Brazilian Central Bank with a 11% market share, the largest bank
controlled by a major financial group and top 5 in the general
ranking including state-owned financial institutions.
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 USD1.8 trillion
as of September 30, 2010.
About Standard Chartered Bank Standard
Chartered -- leading the way in Asia, Africa and the Middle East.
Standard Chartered PLC is a leading international bank, listed on
the London, Hong Kong and Mumbai stock exchanges. It has operated
for over 150 years in some of the world's most dynamic markets and
earns more than 90 percent of its income and profits in Asia,
Africa and the Middle East. This geographic focus and commitment to
developing deep relationships with clients and customers has driven
the Bank's growth in recent years. With 1,700 offices in 70
markets, Standard Chartered offers exciting and challenging
international career opportunities for more than 80,000 staff. It
is committed to building a sustainable business over the long term
and is trusted worldwide for upholding high standards of corporate
governance, social responsibility, environmental protection and
employee diversity.
For more information on Standard Chartered, please visit
www.standardchartered.com
Contact: Patrick Phalon (212) 282-3867
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