Bank of China contributes to $175 million syndicated loan to Bladex for on-lending purposes

Project narrative

On August 17, 2015, Banco Latinoamericano de Comercio Exterior, S.A. (Bladex), a Panama-based trade bank, signed a $175 million syndicated loan agreement with a group of Chinese, Japanese, and Taiwanese banks (including Bank of China, Taiwan Cooperative Bank, Mega International Commercial Bank, Gunma Bank, Land Bank of Taiwan, Bank of Taiwan, the Export-Import Bank of the Republic of China, Shanghai Commercial & Savings Bank, Chang Hwa Bank, San-In Godo Bank, Chiba Bank, Taishin International Bank and Hyakujushi Bank) for on-lending purposes. Bank of China contributed $15 million to the loan, which carried a 3-year maturity and an interest rate of LIBOR plus a 1.2% margin.