Slovenia’s Nova Kreditna banka Maribor (NKBM) has, through mandated lead arrangers BayernLB and RZB, signed banks into a €60mn syndicated term loan facility.

Due to the facility being oversubscribed by almost 100%, but NKBM not taking the whole oversubscription, the facility amount was increased and lenders scaled back.

The initial amount of €40mn has been fully underwritten by the mandated lead arrangers; the two banks committing €7mn each to their books.

Lead arranger Bawag committed to €7mn; arrangers Danske Bank, Erste and Norddeutsche Landesbank Luxembourg taking on €6mn

Lead managers with €4mn are Baden-Wurttembergische Bank, Landesbank Rheinland-Pfalz, Oberbank, Emporiki Bank Germany. Managers Banco Popolare di Verona e Novara, London and Zurcher Kantonalbank committed to €2.5mn.

The margin was 37.5bp p.a. (100% risk-weighting) with a step-down to 32.5bp (20% risk-weighting). The tenor is five years with repayment in equal, semi-annual instalments after two years grace period.