Itau Chile Signing Expected Soon

Signing on Banco Itau Chile’s $150m 2-year syndicated loan is expected soon, though it is waiting for a Taiwanese lender, according to a banker with knowledge of the transaction. The deadline had been expected November 23 and was later moved to November 26. The transaction is heard to be oversubscribed. HSBC, RBS, Wells Fargo, Commerzbank, Citi, Bank of America, Credit Agricole and BNP Paribas are joint leads on the transaction. Proceeds will be used to lend to Chilean corporates. The spread offered is Libor plus 90bp.