The facility was launched at US$15mn and following a 110% oversubscription closed at US$31.5mn. The borrower elected to take the oversubscription and a total of 15 banks participated in the transaction.
The margin is Libor + 0.75% per year.
Lead arrangers are: Bank fur Arbeit und Wirtschaft, Dresdner Bank and Wachovia Bank.
Co-arrangers are: The Arab Investment Company, Bank Austria Creditanstalt, Export-Import Bank of the Republic of China, FBN Bank (UK), Indover Bank, Magyar Kulkereskedelmi Bank and Tunis International Bank
Managers: Anglo Irish Bank, Oberbank and American Express Bank.
Fitch Ratings has assigned Fimbank ratings of long-term ‘BB ‘, short-term ‘B’. The outlook for the long-term rating is stable.