Swedbank, a leading bank in Sweden, Estonia, Latvia and Lithuania, has mandated BayernLB to arrange a US$40mn syndicated term loan facility.
The proceeds of the facility are being used to support trade finance facilities for the borrower's clients. General syndication is now in progress.
Comprising of two tranches, portion A has a maturity of 364 days and pays 85 basis points per year, while portion B has a tenor of two years and pays 170 basis points per year.
Repayment will be made on a bullet basis. Banks are invited to participate at senior lead arranger level committing US$5mn or more, for an all-in fee of 190bp per year for tranche A, and 235bp for tranche B.
Banks can join at US$3mn at lead arranger level, for an all-n fee of 180bp for portion A, or 225bp for portion B.
Participating at arranger level requires a total commitment of US$1mn or more, for an all-in fee of 170bp per year on tranche A, or 215bp per year on tranche B.
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