Latvijas Krajbanka Attracts Syndicated Loan
OREANDA-NEWS. On May 19, 2008 AS "Latvijas Krajbanka" (hereinafter referred to as Latvijas Krajbanka) has concluded the contract for receiving a syndicated loan. Total amount of the syndicated loan comprises EUR 15 million (LVL 10,54 million). The funds are allocated to the bank for 364 days, from the day the agreement is signed, the loan interest rate comprises 1,2% + 3 M EURIBOR, reported the press-centre of Latvijas Krajbanka.
The mandated lead arranger and agent of the syndicated loan is Bayerische Landesbank, Germany. In total five credit institutions participated in the transaction: Bayerische Landesbank, Raiffeisen Zentralbank Osterreich Aktiengesellschaft, AS "Parex banka", Salzburger Landes - Hypothekenbank AG and VAS "Latvijas Hipoteku un zemes banka". This is the first and, according to the bank's estimate, a very successful Latvijas Krajbanka transaction on the international syndicated lending market.
Latvijas Krajbanka provides different financial services to individuals and legal entities. Latvijas Krajbanka has the widest client service centre network in Latvia. It is planned to use the attracted funds for the development of further activity.