Chilean Bank Closes Asian Loan

Chile’s BCI has closed a 2-tranche, $115m syndicated loan in Japan, it says. Each tranche is two years, and the spread is Libor+168bp on an all-in basis, says a person familiar with the deal. He declines to provide additional terms. Mizuho and Bank of Taiwan were joint arrangers and served as bookrunners. Lead arrangers were Chang Hwa Commercial Bank, China Export-Import Bank, Hua Nan Commercial Bank, and The Shanghai Commercial & Savings Bank. The loan is “part of BCI’s founding diversifying strategy to help better position its brand in the Asian market,” Mizuho says.