Slovenia’s Probanka has mandated RZB to arrange a three-year €10mn bullet term loan, which will be syndicated. The loan can be extended, at each lender’s discretion, for a further period of two years. In the case of the extension being executed, Probanka will start repaying 50% of the loan in equal, quarterly instalments with the balloon due at final maturity. The margin 0.70%.
Interestingly, subject to the earlier of either Slovenia becoming an OECD member country or Basle II coming into force, the margin will be reduced by 10bp.