Loans beat bonds, say bank borrowers

Loans beat bonds, say bank borrowers


Syndicated loans offer a better cost of funds for banks than tapping the debt market, officials at Banco Itau and Bladex have said. “Right now, in our case the sweet spot is between three and five years and in those tenors the loan market prices have been better than what we can get in the debt capital markets,” Carolina Camargo, head of international financial institutions at Banco Itau, said last week. The bank recently found strong enough interest for a $1bn three-year loan paying 135bp over

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