OREANDA-NEWS. On December 06, 2007 Parex banka announced that it has mandated HSBC Bank plc (“HSBC”), Mizuho Corporate Bank, Ltd. (“Mizuho”), Raiffeisen Zentralbank Osterreich AG (“RZB”) and Sumitomo Mitsui Banking Corporation (“SMBC”) as the Initial Mandated Lead Arrangers (the “IMLAs”) and HSBC, Mizuho and SMBC as Underwriters and Bookrunners to arrange on its behalf an Asia-targeted syndicated term loan facility, reported the press-centre of Parex banka.

In regards to this transaction, the IMLAs commented: “HSBC, Mizuho, RZB and SMBC are delighted to support Parex banka on its latest debt capital markets transaction. Despite challenging market conditions the IMLAs are confident that Parex will continue to receive strong market support from the international banking community. The Borrower enjoys extensive global banking relationships, and the conservative structure and pricing of this new transaction should result in another well-received syndication .”

Gene Zolotarev, Deputy Chairman of the Council of Directors, Global Head of Capital Markets and Investment Banking, Parex banka, emphasised: “We are delighted to see such a strong consortium of banks with deep expertise and outstanding experience in managing and bookrunning this type of transactions. With this facility we once again reaffirm our exceptional track record in syndicated loan transactions, despite the present challenging market conditions.”

The funds raised in this new transaction will be used to refinance the previous facility of ?385,000,000, maturing in February 2008.