Mizuho and Bank of Taiwan Arrange $200M Cross-Border Syndicated Loan for Banco Santander Chile in Asia
April 25 2011 - 1:55PM
Marketwired
Mizuho Corporate Bank, Ltd. ("Mizuho") and Bank of Taiwan ("BOT")
today announced the successful close of a three-year US$200 million
cross-border syndication for Banco Santander Chile. This financing
represents the first ever all-Asian bank syndication for a Chilean
bank. The facility was jointly arranged by Mizuho and BOT.
Mizuho was the joint bookrunner on the transaction, together
with BOT. Malayan Banking Berhad, New York Branch; Mega
International Commercial Bank Co., Ltd., Los Angeles Branch; and
Mega International Commercial Bank Co., Ltd., Offshore Banking
Branch participated as Lead Arrangers. Taiwan Cooperative Bank,
Offshore Banking Branch; Hua Nan Commercial Bank, Ltd., Offshore
Banking Branch; Bank SinoPac, Hong Kong Branch; Chang Hwa
Commercial Bank Ltd., Offshore Banking Branch; and Export-Import
Bank of the Republic of China 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 including Mizuho Securities, 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 $1.9 trillion as
of December 31, 2010.
About Banco Santander Chile Banco
Santander Chile is the largest bank in Chile in terms of total
assets and shareholders' equity. As of December 31, 2010, the bank
had total assets of Ch$22,082,219 million (US$47,189 million) and
shareholders' equity of Ch$1,831,798 million (US$3,915 million). As
of December 31, 2010, the bank employed 11,001 people (on a
consolidated basis) and had the largest private branch network in
Chile with 504 branches. The headquarters are located in Santiago
and the bank operates in every major region of Chile.
The bank provides a broad range of commercial and retail banking
services to its customers, including Chilean peso and foreign
currency denominated loans to finance a variety of commercial
transactions, trade, foreign currency forward contracts and credit
lines and a variety of retail banking services, including mortgage
financing. BSC seeks to offer its customers a wide range of
products while providing high levels of service. In addition to
traditional banking operations, the bank offer a variety of
financial services including financial leasing, financial advisory
services, mutual fund management, securities brokerage, insurance
brokerage and investment management.
For more information on the Banco Santander Chile's activities,
please visit www.santander.cl
Contact: Patrick Phalon (212) 282-3867
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