Peru's BanBif gets $100 million three-year bullet syndicated facility

By Angela McDaniels

Tacoma, Wash., Jan. 17 - Banco Interamericano de Finanzas SA (BanBif) entered into a $100 million three-year bullet syndicated facility (//BBB-), according to a news release from Banco Latinoamericano de Comercio Exterior, SA (Bladex).

Bladex was the lead arranger, bookrunner and administrative agent.

Proceeds will be used to support the growth of BanBif's trade-related operations.

Bladex said that this transaction represents BanBif's first syndicated loan in the international markets and that the transaction was oversubscribed.

The syndication of the loan followed a two-stage strategy: A mandated lead arranger syndication launched in early October and was followed by a general syndication in early November. The deal closed during the first week of January.

BanBif is a bank based in San Isidro, Peru. It is controlled by Grupo Empresarial Fierro, a Spanish conglomerate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.