NEWS LOANS/PEOPLE: Broadening market

NEWS LOANS/PEOPLE: Broadening market

Many of the top-tier loan market regulars in Latin America have filled their immediate funding needs, or are looking at other financing options, such as the local bond markets. A few big deals have closed in the loan market in recent months. But a slowdown in these deals leaves room for smaller, rarer borrowers to make their way to the loan market. Among the biggest deals to come through the syndicated loan market in May and June, Banco Itaú’s three-year loan stands out. The Brazilian bank’s loan grew from $1 billion to $1.7 billion, topping the $1.5 billion jumbo loan it closed in 2013. Some 26 banks participated, including leads Bank of America-Merrill Lynch, BNP Paribas, Citi, HSBC and JP

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