Banks syndicate Vale revolver

Banks syndicate Vale revolver

Brazil Loans

Four banks – Citi, Credit Agricole, RBC and Scotiabank – are inviting other lenders to participate in a five-year $2bn revolving credit facility for Brazil's Vale, LatinFinance has heard.The most recent corruption charges to come out of Brazil are expected to delay the syndication process but not derail the transaction, sources said. The syndication was previously slated to close in the first two weeks of June."Yesterday was a different story. Today things change," a banker said. "But

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