Peruvian Lender Reaches General Syndication

Peruvian commercial bank BanBif is heard to be launching general syndication of a $100m, 3-year bullet loan this week. Further details on the terms have not yet been disclosed. This is BanBif’s first syndicated loan in the international markets. Bladex is leading the trade finance-related deal, with Citi and Santander committed as MLAs. The IFC earlier this year made a $50m equity investment in BanBif, which is rated BBB minus.