HSH-Nordbank and RZB as mandated lead arrangers have been mandated to arrange a €15mn dual tranche loan facility for Siauliu Bankas (SB). The facility, which has been arranged on a best efforts basis, has two tranches one with a 364-day maturity and one with a three-year maturity. Banks have the option to participate in either or both tranches. Funds raised will be used for general corporate purposes.


The transaction pays a margin of 65bp for the 364-day tranche and 1.1% for the three-year tranche.

Banks are being offered tickets for Tranche A and B respectively:

Arrangers with €3mn at 40bp and 75bp flat.

Lead managers with €2mn at 30bp and 60bp flat.

Managers with €1mn at 20bp and 45bp flat.

SB is an independent Lithuanian commercial bank, operating a countrywide office network of 49 offices in 29 towns. SB is the seventh largest bank in Lithuania when measured by total assets among 11 banks.