HSH Nordbank, mandated to arrange a three-year €
15mn syndicated term loan facility for Probanka of Slovenia, has welcomed an oversubscription of the facility in primary syndication. The transaction, which has been arranged on a best efforts basis will be launched into general syndication shortly. The proceeds of the loan will be used for general funding purposes.


The transaction has been well received by the market with commitments received, subject to satisfactory documentation, of €
21mn. Probanka has accepted the increase.


Signing is expected to take place in early March.


Repayment will be in a single bullet repayment, while the margin over Euribor is 0.55% per year.


Probanka d.d. was established in 1991 and focuses on providing SME business with commercial and investment banking services from its countrywide network of offices in the major cities of Slovenia. Probanka has total assets in excess of EUR 450 mio and is the 10th largest Slovenian bank.