Last Updated February 21, 2008
AizKraukles Banka in Latvia has signed a 70mn syndicated loan facility agreement via mandated lead arrangers DZ Bank, Intesa Sanpaolo and Landesbank Berlin. The deal pays a margin of 95 basis points, and carries a tenor of one year.
The facility was originally launched at 60mn, but was increased due to an oversubscription in syndication.
The bank raised its debut syndicated loan in 2006, managing to secure 560mn via a syndicate of 19 banks from 10 countries.
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