Hungary's Raiffeisen has signed a three-year 190mn three-year syndicated term loan facility via bookrunners Commerzbank, DZ Bank, and Intesa Sanpaolo.
The transaction proved popular in syndication, and was increased from the launch amount of 150mn to 190mn. It pays a margin of 30 basis points.
The facility will be used to finance the increasing demand for loans from private households and small and medium-sized businesses. It will also be used to fund project finance and structured trade finance deals.
Joining the facility as mandated lead arrangers are BayernLB and WGZ Bank. Co-arrangers are Bank Austria, Landwirtschaftliche Rentenbank, Norddeutsche Landesbank and Wachovia Bank. Lead manager is American Express Bank. Raiffeisenlandesbank Niederoesterreich (RLB NW) and Raiffeisenverband Salzburg joined as managers.
Last Updated January 18, 2008
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