Latvian bank Trasta Komercbanka (TKB) has mandated RZB to arrange a €10mn syndicated term loan facility. Syndication has been launched and commitments are due in by mid October.

The deal carries a 364-day tenor, and pays 125 basis points per year. Senior lead arrangers are invited to commit €4mn for a fee of 75bp, while lead arrangers can commit €3mn for a fee of 65bp. Lead managers can commit €2mn for 55bp, and a manager can commit €1mn for 45bp. The financing will be supporting general funding purposes.
TKB is one of Latvia’s first commercial banks, and offers trade finance facilities, representing Latvia in the global international factoring network Factors Chain International. It can offer its clients factoring export services into 63 countries represented in the Factors Chain International.