SOURCE: Mizuho Corporate Bank

Mizuho Corporate Bank

January 10, 2011 11:58 ET

Mizuho and Standard Chartered Bank Arrange $155M Cross-Border Syndicated Loan for Santander (Brasil) in Asia

NEW YORK, NY--(Marketwire - January 10, 2011) -   Mizuho Corporate Bank, Ltd. ("Mizuho") and Standard Chartered Bank successfully closed a 2-year USD155 million cross-border syndication for Banco Santander (Brasil) S.A. ("Santander Brasil"), the third-largest private bank in Brazil in terms of assets.

The deal will help Santander Brasil to further diversify its funding sources in Asia and reflects Mizuho and Standard Chartered Bank's commitment to deepening financial ties between Latin America and Asia.

Maximiliano Herrera Foessel, Head of Structured & International Funding, Santander Brasil, stated "This is a highly strategic transaction for us as it is the first one that we placed in the Asian bank market, where we are keen on developing new banking relationships. Thus, we foresee this Syndicated Loan as a spearhead for our funding strategy in this region."

Mizuho and Standard Chartered Bank were the Mandated Lead Arrangers and Bookrunners. In addition to the Bookrunners, five Asian banks joined the deal including Bank of Taiwan, Export-Import Bank of the Republic of China, and Malayan Banking Berhad as Lead Arrangers, and Bank SinoPac and The Shanghai Commercial and Savings Bank, Ltd. as Lead Managers.

About Banco Santander (Brasil)
Banco Santander (Brasil) S.A. ("Santander Brazil") is a leading full-service bank in Brazil which is one of the most attractive markets in the world given its growth potential and low penetration rate of banking products and services. It is the third-largest private bank in Brazil in terms of assets according to the Brazilian Central Bank with a 11% market share, the largest bank controlled by a major financial group and top 5 in the general ranking including state-owned financial institutions.

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 USD1.8 trillion as of September 30, 2010.

About Standard Chartered Bank
Standard Chartered -- leading the way in Asia, Africa and the Middle East. Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 percent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity.

For more information on Standard Chartered, please visit

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    Patrick Phalon
    (212) 282-3867