Cerro Verde allocates loan

Cerro Verde allocates loan

Loans

Cerro Verde has allocated its 5-year term loan, with 22 banks including the leads participating in the deal. The transaction, which was raised to $1.8bn from $1.5bn, is expected to close this week. Leads Bank of Tokyo Mitsubishi-UFJ, BNP Paribas, Citi and HSBC have come in at $110m, mandated lead arrangers BBVA, Bank of Nova Scotia, EDC, ICBC, Intesa, Mizuho, Natixis, Santander, Societe Generale and Sumitomo Mitsui Banking Corporation came in at $100m. Arrangers Commonwealth Bank of Australia, C

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