Mizuho Corporate Bank, Ltd. Granted A 50 Million Syndicated Term Loan Facility For The Inter-American Investment Corporation (IIC)
03/16/2008With this transaction, Mizuho Corporate Bank, LTD and the IIC will promote SME development in the LAC Region
Washington, D.C.- On March 14th, the Inter-American Investment Corporation (IIC) received a US$50 million Ninja loan, syndicated in Japan with Mizuho Corporate Bank, Ltd. ("Mizuho"), Banco Bilbao Vizcaya Argentaria, S.A., Tokyo Branch, and a Japanese regional bank. Mizuho Corporate Bank, Ltd., the arranger of the loan, is the market leader in syndicated loans in Japan and a subsidiary of the Japan-based Mizuho Financial Group, Inc., one of the largest financial services companies in the world. The IIC and Mizuho have had a solid business relationship for many years.
Mitsuhiro Nagahama, Managing Executive Officer and Head of the Americas for Mizuho Corporate Bank, Ltd. stated: "We are pleased to announce this landmark financing for the IIC, Mizuho expects this transaction to open the door to future Japanese syndications for Latin American entities."
Ricardo Rico, Treasury Officer at IIC, added, "this transaction helps us diversify our source of financing, further promotes economic development in Latin America and strengthens the relationship with Japan, an important partner in the growth of private enterprise in the region. In addition, Mizuho’s knowledge and experience in the Ninja loan market has contributed to the success of this operation" The IIC plans to use the loan for general corporate purposes that will benefit Latin American countries.
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. 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: Ricardo Rico/Juan Zuluaga
Telephone: (202) 623-1337