Latin American financial institutions are taking advantage of the increased interest in the region from Asian banks, driven by the growth in south-south trade flows, to secure syndicated loans. Santander Brasil and Bladex, a regional supranational, are the latest to close a loan that is exclusively financed by Asian banks, thus diversifying their investment bases and thereby establishing and deepening strategic relationships with Asia’s financial institutions ahead of further corporate transactions between the two regions.
David Costa, head of Latin America at Mizuho Corporate Bank, which along with Standard Chartered was lead arranger and bookrunner on the $155 million Santander Brasil transaction, which involved five other Asian banks, says recent growth in these deals should continue.
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