November 10, 2010
Banco Itau Chile has garnered several commitments on a $150m 2-year term lo
Banco Itau Chile has garnered several commitments on a $150m 2-year term loan facility it is syndicating, according to bankers with knowledge of the transaction. HSBC, RBS, Wells Fargo, Commerzbank, Citi, Bank of America, Credit Agricole and BNP Paribas are joint leads on the transaction. Bank meetings were last Wednesday. Commitments are expected November 23 and the deal will close early December. Proceeds will be used to lend to Chilean corporates. The spread offered is of Libor plus 90bp.