Dresdner Kleinwort, HSH Nordbank and RZB as mandated lead arrangers and bookrunners have successfully completed the syndication of a loan facility for Latvia’s JSC Rietumu Banka.
The facility was well received in the market achieving a substantial oversubscription and subsequently increased from €75mn to €110mn.
The 364-day loan is extendable for another 364 days at each lender’s sole discretion.
The margin is 0.65% per year.
Repayment is as a bullet, in one single amount.
Commerzbank and LRP Landesbank Rheinland-Pfalz joined as mandated lead arrangers.
Bankgesellschaft Berlin, Sampo Bank plc and UniCredit Group joined as arrangers before the launch of general syndication.
