OREANDA-NEWS. January 29, 2009. Aizkraukles Banka has placed a deposit with the Agent of the syndicated term loan facility, which is about to mature in the beginning of February 2009 — DZ BANK AG (Germany). The deposit equals the total initial amount of the loan, reported the press-centre of Aizkraukles Banka.

The deposited funds will be used for the repayment of the loan maturing on February 10, 2009 according to the terms set in the facility agreement. The loan will be repaid from the resources of Aizkraukles Banka and will not be refinanced in the nearest future.

According to the management of Aizkraukles Banka, referring to the terms and condition of the remaining term loan facility, the Bank is planning to repay in full also the 85 million EUR facility maturing in July, 2009.