October 10, 2008
The IDB’s investment arm, the IIC, has raised a $70m equivalent 3.5-year ye
The IDB’s investment arm, the IIC, has raised a $70m equivalent 3.5-year yen-denominated loan with a club of Japanese banks. The all-in cost for the funds is heard at less than Libor plus 50bp, say people familiar with the terms. The AA minus credit tapped Mizuho, the lead bank on the deal, as well as Shinkin Central Bank, Chuo Mitsui, and a Japanese regional bank. The funds are being used to lend debt and invest in equity in the region.