Spain's Banco Santander, in conjunction with J.P. Morgan & Co. and NationsBank Corp., has arranged a $150 million syndicated term-loan facility for Colombia's Bavaria S.A.
Bavaria, Colombia's largest brewery company and the world's fifth-largest brewer.
It plans to use the funding to help fund acquisition of a stake in Celumovil Group, the country's largest cellular phone company.
It is 105-year-old Bavaria's first foray into the international capital markets.
Morgan and NationsBank are co-leaders of the loan facility and Banco de Boston, the Colombian banking unit of Bank of Boston, is senior co-manager
Citibank N.A., Hollands's ABN Amro, Corporacion Andina de Fomento, Deutsche-Sudamerikanische Bank, and Portugal's Banco ESSI and Banco Espirito Santo e Comercial de Lisboa are co-managers.
Santander's investment banking arm has offices throughout Latin America, Europe, and Asia.