BCP Looks to Asian Lenders

Banco de Credito del Peru BCP is heard to be in the syndication process for a $100m 3-year loan, according to bankers with knowledge of the transaction. Bank of Tokyo-Mitsubishi and Bank of Taiwan are said to be leading the deal, which is being syndicated to Asian lenders, according to market participants. BCP closed a 350m 3-year syndicated loan in October 2010, priced at 175bp over Libor, which it upsized from an original $300m. Participation came from Latin America, Europe, the US and some Asian banks, and the loan was for general corporate purposes, in particular to fund loan growth.