Cabei Closes with Asian Banks

CentAm multilateral lender Cabei has raised a $75m 2-year syndicated loan, largely with Asian borrowers. The Standard Chartered-led deal includes 6 Taiwanese banks plus Mizuho and BAC Florida, say bankers on it, who decline to name the Asian lenders. The facility, which includes a put after year 1, pays Libor plus 125bp per year. An up-front fee of 37.5bp was paid upon funding, and lenders who agree to the second year will receive an additional 37.5bp. Cabei launched the $50m deal last month and was targeting up to $100m depending on demand.