CAF Upsizes Syndicated Loan

CAF, the Andean multilateral, has upsized a 3-year syndicated loan it was seeking from Asian lenders after the deal was oversubscribed, according to a banker on the transaction. The multilateral has upsized the deal to $163m, from the $150m it had planned to borrow, to accommodate demand. The deal was priced at Libor+ 95bp. The mandated lead arranger, SMBC, took a $100m ticket and 5 others participated in the transaction, with ticket sizes ranging from $3m to over $10m. Bank of Taiwan, Megan International Commercial Bank, LAN Bank Taiwan were the banks that participated from Taiwan. The Development Bank of Japan also participated in the deal, which was the first time it has acted as a lender to a LatAm multilateral, says a banker on the deal. Proceeds will be used for general corporate purposes.