RZB and a syndicate of international banks have signed a debut €10mn term loan facility for Baltic Trust Bank (BTB). The 364-day loan (extendable for another 364 days at each lender’s sole discretion) has a margin of 1.35% per year.

There will be a bullet repayment.

Participation levels are €3mn,€2mn and €1mn respectively for co-arrangers, lead managers and managers.

HSH Nordbank and Hua Nan Commercial Bank, London have joined as lead managers. PKO Bank Polski and Raiffeisenlandesbank Nieder‘sterreich-Wien are managers.

Baltic Trust Bank was established in 1992 as Baltic Transit Bank and at that time, the borrower was primarily involved in servicing its clients in export-import and payment flow business. BTB was renamed in 2004 Baltic Trust Bank to underline it universal banking approach.