Mizuho and Taiwan Cooperative Bank Arrange $130M Latin American Cross-Border Syndicated Loan for Bladex in Asia
January 27 2011 - 1:36PM
Marketwired
Mizuho Corporate Bank, Ltd. ("Mizuho") and Taiwan Cooperative Bank
("TCB") successfully closed a three-year, US$130 million
cross-border syndication for Banco Latinoamericano de Comercio
Exterior, S.A. ("Bladex"). This financing represents the third
cross-border syndicated loan arranged for Bladex in the Asian
financial markets, after the successful closing of two previous
Bladex deals in August and November 2009. The Facility was jointly
arranged by Mizuho and TCB.
Gregory Testerman, Executive Vice
President -- Treasury and Capital Markets at Bladex, added, "After
the closing of the first two Asian syndications in 2009, we are
very pleased to see such keen interest on the part of Japanese and
Taiwanese banks in Bladex's third Asian transaction. 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 the Asian
financial markets were critical to the success of this
transaction."
Mizuho, the Coordinator of the Facility, was the Joint
Bookrunner on the transaction, together with TCB. Banco Bilbao
Vizcaya Argentaria, S.A., Tokyo Branch participated as Mandated
Lead Arranger, Taiwan Business Bank, Offshore Banking Branch
participated as Lead Arranger, and Bank SinoPac, Chang Hwa
Commercial Bank Ltd, Offshore Banking Branch, Land Bank of Taiwan,
Offshore Banking Branch, Mega International Commercial Bank
Company, Limited-Panama Branch, The Export-Import Bank of the
Republic of China and Yuanta Commercial Bank Co., Ltd. participated
as Arrangers.
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 year. Mizuho 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 30 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 Banco Latinoamericano de Comercio
Exterior, S.A. Banco Latinoamericano de Comercio Exterior,
S.A. is a supranational bank established in 1975 by the central
banks of Latin American and Caribbean countries to promote trade
finance in the region. The Bank's mission is to support Latin
American foreign trade while creating value for its shareholders.
Bladex focuses on trade finance services, primarily providing
short-term financing. The Bank is principally engaged in providing
trade financing to selected commercial banks and corporations in
the Region.
Bladex is based in Panama, and its shareholders include central
banks and state-owned entities in 23 countries of the Region, as
well as Latin American and international commercial banks, and
institutional and retail investors. It was established pursuant to
a May 1975 proposal of the 20th Assembly of Governors of central
banks in the Region, which recommended the creation of a
supranational organization to increase the foreign trade financing
capacity of the Region. Bladex was incorporated in 1978 under the
laws of Panama and commenced operations on January 2, 1979, with
stockholders' equity of US$25 million paid-in by 186 stockholders.
The Bank has been listed on the NYSE since 1992.
For more information on the Bladex's activities, please visit
www.bladex.com
Contact: Patrick Phalon (212) 282-3867
Mizuho Financial (NYSE:MFG)
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