October 26, 2012
Banco Santander Brasil has launched a 2-year, $100m term loan at Libor+175b
Banco Santander Brasil has launched a 2-year, $100m term loan at Libor+175bp, according to people familiar with the process. Credit Agricole, Standard Chartered and Mizuho are managing. Fees were heard at 85bp for a $25m ticket, 75bp for $15m and 65bp for $10m. The bank is raising funds to repay debt. The transaction is expected to close by the end of this year.