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Stock impact report

BTG to Offer Syndicated Loans in US After Buying Bank [Yahoo! Finance]

Gerdau S.A. (GGB) 
US:NYSE Investor Relations: ri.gerdau.com/?idioma=enu
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The Outsized Cost of Expanding US Roads How Air Conditioning Took Over the American Office Madrid to Ban E-Scooter Rentals, Following Lead Set in Paris Hong Kong's Arts Hub Turns to Selling Land to Stay Afloat World's Second-Tallest Tower Tests Malaysia's Appetite for More Skyscrapers “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 Ame Show less Read more
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