BTG to Offer Syndicated Loans in US After Buying New York Bank [BNN Bloomberg (Canada)]
Gerdau S.A. (GGB)
US:NYSE Investor Relations:
ri.gerdau.com/?idioma=enu
Company Research
Source: BNN Bloomberg
“The US is the biggest credit market in the world and we need to be there,” Rogerio Stallone, a BTG partner in charge of corporate lending, said in an interview. Syndicated loans are a good entry spot because they allow the bank to “participate on the deal flow that other banks bring to us and start to better understand the peculiarities of the region.” With a loan portfolio of about 195 billion reais ($34.8 billion), Sao Paulo-based BTG started in the syndicated loan business about two years ago by hiring the veteran Ernesto Meyer, who had previously been with BNP Paribas SA. Since then it has handled 11 transactions totaling $2.5 billion, taking midsize Latin American companies to market and attracting new lenders to the region. Among the more unusual transactions was a loan that included a tranche denominated in renminbi. BTG also started to trade loans on the secondary market — a rarity for Brazilian banks. “We want to keep growing our loan book in a more diversified way, r
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GGB
Earnings
- 11/5/24 - Beat
GGB
Sec Filings
- 11/21/24 - Form 6-K
- 11/12/24 - Form SC
- 11/6/24 - Form 6-K
- GGB's page on the SEC website