35 Banks Come in on Itau Jumbo Loan

35 Banks Come in on Itau Jumbo Loan

Loans

Itau has closed its $1.5bn loan with 35 banks participating. Bookrunners Bank of Tokyo-Mitsubishi UFJ, Mizuho and Standard Chartered led the deal, which drew broad interest. “Final allocations included many institutions participating for the first time in an Itau offering,” says David Gruppo, head of Latin America corporate & investment banking for Bank of Tokyo-Mitsubishi UFJ. The loan is split into a $1.23bn 3-year tranche at Libor+140bp and a $270m 4-year tranche at Libor+155bp. Banks partici

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