SOURCE: Mizuho

Mizuho

April 25, 2011 13:55 ET

Mizuho and Bank of Taiwan Arrange $200M Cross-Border Syndicated Loan for Banco Santander Chile in Asia

NEW YORK, NY--(Marketwire - Apr 25, 2011) - Mizuho Corporate Bank, Ltd. ("Mizuho") and Bank of Taiwan ("BOT") today announced the successful close of a three-year US$200 million cross-border syndication for Banco Santander Chile. This financing represents the first ever all-Asian bank syndication for a Chilean bank. The facility was jointly arranged by Mizuho and BOT.

Mizuho was the joint bookrunner on the transaction, together with BOT. Malayan Banking Berhad, New York Branch; Mega International Commercial Bank Co., Ltd., Los Angeles Branch; and Mega International Commercial Bank Co., Ltd., Offshore Banking Branch participated as Lead Arrangers. Taiwan Cooperative Bank, Offshore Banking Branch; Hua Nan Commercial Bank, Ltd., Offshore Banking Branch; Bank SinoPac, Hong Kong Branch; Chang Hwa Commercial Bank Ltd., Offshore Banking Branch; and Export-Import Bank of the Republic of China participated as Arrangers.

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 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 including 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 more than 30 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 $1.9 trillion as of December 31, 2010.

About Banco Santander Chile
Banco Santander Chile is the largest bank in Chile in terms of total assets and shareholders' equity. As of December 31, 2010, the bank had total assets of Ch$22,082,219 million (US$47,189 million) and shareholders' equity of Ch$1,831,798 million (US$3,915 million). As of December 31, 2010, the bank employed 11,001 people (on a consolidated basis) and had the largest private branch network in Chile with 504 branches. The headquarters are located in Santiago and the bank operates in every major region of Chile.

The bank provides a broad range of commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance a variety of commercial transactions, trade, foreign currency forward contracts and credit lines and a variety of retail banking services, including mortgage financing. BSC seeks to offer its customers a wide range of products while providing high levels of service. In addition to traditional banking operations, the bank offer a variety of financial services including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management.

For more information on the Banco Santander Chile's activities, please visit www.santander.cl

Contact Information

  • Contact:
    Patrick Phalon
    (212) 282-3867