SOURCE: Mizuho

Mizuho

December 08, 2010 16:11 ET

Mizuho Arranges $60M Latin American Cross-Border Syndicated Loan for IIC in Asia

NEW YORK, NY--(Marketwire - December 8, 2010) - Mizuho Corporate Bank, Ltd. ("Mizuho") (NYSE: MFG) today announced that it successfully closed a three and a half year bullet US$60 million cross-border syndication for the Inter-American Investment Corporation ("IIC") on November 30th. This financing represents the 3rd cross-border syndicated loan arranged for IIC in the Asian financial markets. The facility was solely arranged by Mizuho.

Shinya Wako, Managing Executive Officer and Head of the Americas for Mizuho, commented, "We are very pleased to have assisted IIC in accessing the global syndicated loan market and help it to further diversify its funding sources in Asia. This transaction reflects our ability to provide clients with access to a broad investor base through Mizuho's extensive international network, as well as our commitment to deepening financial ties between Latin America and Asia."

Juan Edurado Zuluaga, Division Chief, Finance and Risk Management, commented, "Mizuho has done an excellent job arranging IIC's third time participation in the Asian syndicated loan market. We are quite pleased with the quality of the participating Japanese and Taiwanese banks, recognizing IIC's high credit quality. IIC would like to return to this market again in the near future."

Mizuho was the Mandated Lead Arranger and Administrative Agent on the transaction. Lenders include Mizuho, the Export-Import Bank of The Republic of China and two Japanese regional banks. 

In addition to this transaction, Mizuho has arranged a number of other cross-border syndicated loans for its clients in the Americas in the past several years. Mizuho was the top-ranked bookrunner of syndicated loans in Asia in 2009 and has one of the largest loan syndication groups in Asia, with offices in Tokyo, Hong Kong, Singapore and Taipei. 

About Mizuho Corporate Bank
Mizuho Corporate Bank, Ltd. provides financial and strategic solutions for the increasingly diverse and sophisticated needs of clients, focusing its efforts on serving major corporations, financial institutions, and public sector entities. A relationship management approach to serving clients enables Mizuho Corporate Bank, Ltd., together with affiliates such as Mizuho Securities Co. Ltd., to develop customized solutions in areas such as corporate, structured and project finance, investment banking, transaction banking and risk management. With offices in more than 28 countries, Mizuho Corporate Bank, Ltd. offers clients both localized service and the extensive reach of a global business network. Mizuho Corporate Bank, Ltd. is a subsidiary of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), one of the largest financial services companies in the world, with total assets of over $1.8 trillion as of September 30, 2010.

About the Inter-American Investment Corporation
The Inter-American Investment Corporation is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2009, the IIC reached US$1.4 billion in assets and approved 40 transactions channeling US$300 million to SMEs in the region. The IIC's mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. For more information on the IIC's activities, please visit www.iic.int.

Contact Information

  • Contact:
    Patrick Phalon
    (212) 282-3867