Santander Brasil Launches $200m Loan

Santander’s Brazilian arm is raising $200m in the international loan market for working capital and trade-related funding. A $50m 3-year working capital facility has already been subscribed by MLAs, and pays 55bp over Libor. A $150m trade facility is now being syndicated out to retail at 45bp over Libor. Both tranches are bullets. So far, Wachovia, Calyon and Bank of Tokyo Mitsubishi have joined as MLAs. Standard Chartered is running the book.