HSBC joins IFC loan for Daycoval

HSBC joins IFC loan for Daycoval

Bonds Structured Finance Brazil Loans

HSBC has joined a B loan for Brazil's Banco Daycoval arranged by the IFC, raising the total loan to $275m from $250m, LatinFinance has heard.The 12 B lenders contributed the equivalent of $163m in dollars and euros, while the IFC provided a $63.6m direct loan and the IFC's Managed Co-Lending Portfolio Program (MCPP) added $47.7m, said Marcelo Castellanos, manager of the IFC's financial institutions group for Latin America and the Caribbean.HSBC has lent money to Daycoval before, but five ba

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