Banco de Chile Closing Asia Syndication

Banco de Chile is expected to close syndication on a $150m 3-year loan by January 14, with signing expected by the end of the month, according to bankers with knowledge of the transaction. The loan is being marketed only to Asian investors, after bank meetings took place in Taiwan in December. Standard Chartered and Wells Fargo are joint leads. Bankers away from the deal expect pricing at 110bp over Libor, which one banker says is attractive pricing for the borrower.