EUR85,000,000 Syndicated Term Loan Facility (the "Facility")
Bayerische Landesbank (“BayernLB”), DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (“DZ BANK”), HSH Nordbank AG (“HSH Nordbank”) and Raiffeisen Zentralbank Österreich AG (“RZB”), (together the “Initial Mandated Lead Arrangers”) are pleased to announce that the EUR85,000,000 Syndicated Term Loan Facility for JSC Aizkraukles banka (“ABLV” or the “Borrower”) was signed in Riga on the 8th of July 2008.
The transaction which was launched at EUR70,000,000 was well received by the international banking market and raised EUR85,000,000 in commitments. The Borrower elected to increase the final facility amount to EUR85,000,000.
The following bank joined the Facility:
Initial MLAsDZ BANK AGHSH NordbankRaiffeisen Zentralbank Österreich AGBayernLB Mandated Lead ArrangersLandesbank Berlin AGLadvijas Hipoteku un zemes banka, State Joint Stock Company Co-ArrangersAKA Ausfuhrkredit Gesellschaft mbHDresdner KleinwortHypo Alpe-Adria-Bank International AG Senior Lead ManagerLandesbak Baden-Württemberg, London BranchBRE Bank SASparebanken ØstLead ManagerMagyar Takarékszövetkezeti Bank Zrt.
Details of the Facility
Tenor: 364 days (The Borrower may request an extension for another 364 days at
Lenders option)
Repayment: subject to extension option bullet repayment
Margin: 100bps per annum.
Participation levels: Mandated Lead Arranger EUR 10mn;
Lead Arranger EUR 7.5mn;
Co-Arranger EUR 5mn;
Senior Lead Manager EUR 2.5mn.
The Roles are allocated as follows:
Bookrunners BayernLB, DZ BANK, HSH Nordbank and RZB
Facility Agent: BayernLB
Documentation: DZ BANK
Publicity/Infomemo: RZB
Signing: HSH Nordbank
Borrower Description
• 7th largest bank in Latvia (by total assets) with total assets of EUR1.57bn and total equity of EUR121m. By net profit, Aizkraukles Banka is the 5th largest bank in Latvia.
• It is a privately owned, independent and fast growing institution.
• Main business lines are private banking, corporate banking and retail banking.
• Being Latvia based, the Borrower promotes its international customer related business through representative offices in Russia, Ukraine, Kazakhstan, Azerbaijan and Belarus. Core activity in the local market is mortgage lending, while private banking services are provided to the Borrower’s international clientele.
• The Borrower is one of the leading banks in Baltic region in terms of profitability ratios with 34,9% RoE and 2,85% RoA, at the same time being adequately capitalised with a solid 13,48% CAR. |
