Mizuho Corporate Bank and Taiwan Cooperative Bank (TCB) has closed a three-year, $130m cross-border syndication for Panama-based Banco Latinoamericano de Comercio Exterior (Bladex).
This financing represents the third cross-border syndicated loan arranged for Bladex in the Asian financial markets, after closing two Bladex deals in August and November 2009. The facility was jointly arranged by Mizuho and TCB.
Bladex executive vice president of treasury and capital markets Gregory Testerman said the syndication further diversifies the 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 ioint bookrunner on the transaction, together with TCB. Banco Bilbao Vizcaya Argentaria, Tokyo Branch participated as mandated lead arranger, Taiwan Business Bank, Offshore Banking Branch participated as lead arranger, and Bank SinoPac, Chang Hwa Commercial Bank, Offshore Banking Branch, Land Bank of Taiwan, Offshore Banking Branch, Mega International Commercial Bank, Limited-Panama Branch, The Export-Import Bank of the Republic of China and Yuanta Commercial Bank participated as arrangers.