Despite a popular syndication Raiffeisenbank Austria, Zagreb (RBA Croatia) opted to scale back commitments and signed its syndicated term loan facility at the originally requested amount of €250mn.
MLAs on the deal are Commerzbank, DZ Bank, Mizuho Bank and UniCredit Group (acting through Bank Austria Creditanstalt). Mizuho is the facility and documentation agent.  The facility paid a margin of 22.5 basis points per year, and carries a tenor of three years with a three-year extension option.
During syndicated MLAs could take a ticket of €20mn. Tickets of €15mn were available for lead arrangers while co-arrangers could commit €10mn. Lead managers could take €5mn tickets.
RBA Croatia is the fourth largest bank in Croatia according to total assets, and is owned by Raiffeisen International Bank – Holding.