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.