Itau said to mull bigger deal

Itau said to mull bigger deal


Itau is heard to be considering increasing the size of its $1bn, 3-year loan to more than $1.5bn, potentially making it larger than last year’s jumbo transaction. Final commitments are expected by the end of the week for the deal, LatinFinance understands. The Brazilian lender met banks in April for the loan, which was heard to pay 135bp over Libor. Last year, the bank closed a $1.5bn loan, comprising a $1.23bn 3-year tranche at 140bp over Libor and a $270m 4-year tranche at 155bp over Libor. Ba

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