Itau nets OPIC, Wells Fargo funds as global interest grows

Itau nets OPIC, Wells Fargo funds as global interest grows

Loans

Itau has agreed a $480m six-year term loan from Overseas Private Investment Corporation and Wells Fargo to increase lending to small and medium sized companies, especially in the north and northeast of Brazil. Opic is putting in $400m and Wells Fargo, $80m. This is OPIC’s biggest loan in LatAm, according to Itau. The deal comes after Itau allocated a $1.7bn three-year syndicated loan across 26 banks last month. It underscores increasing interest from global institutions to work with the bank, Ca

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