Itau Gets IFC Passthrough

Itau Gets IFC Passthrough

Brazil Loans

The IFC will provide a $470m credit line to Itau Unibanco, which it will use to lend money to women-owned SMEs with revenues of up to $3m, James Smouse, IFC Head of Financial Markets for Brazil, tells LatinFinance. The IFC is providing a 5-year, $100m loan, with the Development Bank of Japan providing a parallel loan of $70m. Bank of America, National Bank of Abu Dhabi and Bank of Tokyo Mitsubishi each come in with $100m in 3-year loans, he adds. The loans are floating rate, with Libor-based spr

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