SOURCE: Mizuho

Mizuho

April 01, 2016 13:20 ET

Mizuho Arranges US$96.5M Cross-Border Syndicated Loan for Banco General in Asia

NEW YORK, NY--(Marketwired - Apr 1, 2016) - Mizuho Bank, Ltd. (Mizuho) today announced the successful closing of a three-year, US$96.5 million cross-border syndication for Banco General S.A. This financing represents the first successful cross-border syndicated loan arranged by Mizuho for Banco General in the Asian financial markets.

Mizuho coordinated the facility and served as arranger and bookrunner on the transaction. Eight banks from Japan and Taiwan participated as lead arrangers and arrangers in the facility. Initially launched at US$75 million, the facility was eventually upsized to US$96.5 million.

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 year. Mizuho has one of the largest loan syndication groups in Asia, with offices in Tokyo, Hong Kong, Singapore and Taipei.

About Mizuho Bank
Mizuho Bank provides financial and strategic solutions for the increasingly diverse and sophisticated needs of clients, focusing its efforts on serving major corporations, financial institutions, individuals, public sector entities and small and medium-sized enterprises. A relationship management approach to serving clients enables Mizuho Bank, together with group companies including Mizuho Trust & Banking and Mizuho Securities, to develop customized solutions in areas such as corporate, structured and project finance, investment banking, transaction banking and risk management. With offices in 37 countries, Mizuho Bank offers clients both localized service and the extensive reach of a global business network. Mizuho Bank 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 approximately $1.6 trillion.

About Banco General S.A.
Banco General was founded in 1955, and is the oldest and largest private-sector, locally-owned bank in Panama, with a leading market position in private local loans and deposits. The Bank is committed to providing its more than 800 thousand clients with exceptional service through its more than 4,250 employees, extensive branch network, a universal bank in Costa Rica, and representation offices in Colombia, El Salvador, Guatemala, Mexico and Peru. The Bank maintains an international investment grade rating from Fitch Ratings (BBB+) and Standard and Poor's (BBB) since 1997.

Contact Information

  • Contact:
    Patrick Phalon
    (212) 282-3867