ING syndicates Vicentin financing

ING syndicates Vicentin financing

Bonds Structured Finance Argentina Japan Loans

ING has syndicated a $115m five-year pre-export financing (PXF) for Argentina’s Vicentin, with Japan’s MUFG and SMBC joining as lead arrangers.The Dutch bank opened syndication at $100m but increased the loan on high demand, Samuel Canineu, a managing director at ING, told LatinFinance. “There was demand in the market for much more than that,” he said.Canineu did not reveal the ticket sizes for each bank but said ING took the largest part as sole coordinator. He also declined to disclose th

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