Price Heard on Itau Chile Loan

Price Heard on Itau Chile Loan

Brazil Chile Loans

Banco Itau Chile is offering Libor plus 90bp on a 2 year $150m term loan facility, according to bankers not on the deal. Credit Agricole and BNP Paribas are the leads on the transaction, with the banks meeting set for Wednesday. Bankers away from the deal expect proceeds of the loan to go toward general corporate purposes. Two bankers say pricing seems a little tight, compared to the loans of other Chilean financial institutions with substantially larger market shares. In August, Santander Chile

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