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EBRD arranges €150 million syndicated A/B loan for Raiffeisen Bank Romania

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2011-09-12 14:37

The EBRD is supporting debt capital markets in Romania with a €40 million loan to Raiffeisen Bank Romania. The total amount of the syndicated loan is €150 million, said the bank in a press release.rnrnThis is the second syndication for Raiffeisen Bank Romania. It aims to enhance its loan portfolio and maintain a strong market position by diversifying its funding sources and improving the maturity profile of its balance sheet. This will further strengthen Raiffeisen Bank Romania’s lending activities. rnrnThis will also be the first syndicated transaction in the financial sector in Romania since the global financial crisis of 2008. The loan aims to reopen the access to debt capital markets for Romanian commercial banks.rnrnThe A-loan of €40 million is provided for the EBRD’s own account. The B-loan, which was over-subscribed from the initial €80 million, closed at €110 million for the accounts of the participating banks.rnrnList of B loan participating banks and rolesrnrn- Initial Mandated Lead Arrangers and BookrunnersrnBNP Paribas rnCommerzbank Aktiengesellschaft rnRaiffeisen Banking Group Austria*rnWells Fargo Bank, National Association rnrn- Senior Lead Arranger rnHYPO NOE Gruppe Bank AG rnrn- Lead Arranger rnPohjola Bank Plc rnrn-Co-Arranger rnADRIA BANK AKTIENGESELLSCHAFT Nova KBM Group rnrnSince the beginning of its operations in Romania, the EBRD has committed over €5 billion for projects in various sectors of the country’s economy, mobilising additional investment of almost €8.5 billion from other sources of financing. rnrn*Raiffeisen Banking Group is represented by:rn- Raiffeisenlandesbank Niederösterreich-Wien AG rn- Raiffeisen Bank International AG rn- Raiffeisenlandesbank Oberösterreich Aktiengesellschaft rn- Raiffeisen-Landesbank Tirol AG rn- Raiffeisenlandesbank Kaernten – Rechenzentrum und Revisionsverband, reg. Gen.m.b.H.

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