January 21, 2014
Bank of America, Mizuho, Oversea-Chinese Banking Corporation (OCBC) and Wel
Bank of America, Mizuho, Oversea-Chinese Banking Corporation (OCBC) and Wells Fargo have joined a loan to Banco do Brasil as mandated lead arrangers. The Brazilian borrower met banks in Taipei, London and New York last week for a $1bn loan. A 3-year tranche pays 135bp over Libor and a 4-year tranche 150bp over Libor. BNP Paribas, Citi, HSBC, JPMorgan, and Standard Chartered are leading the loan. Industry bankers suggest the borrower may increase the deal size.