Brazilian Banks Target Loan Market

Brazilian Banks Target Loan Market

Brazil Loans

Banco Santander Brasil has launched a $200m senior unsecured term loan facility, according to people following the transaction. A 2-year bullet tranche pays Libor+130bp and a 3-year bullet tranche Libor+155bp. The BBB/Baa2/BBB bank is raising funds for general purposes. The transaction is expected to close in December. Credit Agricole, Standard Chartered and Mizuho are leading. The borrower is the latest Brazilian bank to access a resurgent loan market this year, following successful deals from

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