First Asian targeted syndicated loan in history of Baltic banking signed by Parex banka
Published:
18 February 2005 y., Friday
Parex banka successfully closed a syndicated loan of EUR 69.50 million, at a margin of 0.65% over EURIBOR. The loan was heavily oversubscribed from its original launch amount of EUR 35 million and was launched simultaneously in London, Tokyo and Hong Kong by the Mandated Lead Arranger and underwriter Mizuho Corporate Bank, Ltd.
This is Parex banka’s sixth syndicated loan, and is a 364 day Term Loan Facility with an multi-currency option in EUR, USD, JPY or AUD. Eighteen banks from Japan, Hong Kong, Taiwan, Singapore and other European banks active in Asian markets committed to join the syndicated loan.
Gene Zolotarev, Global Head of Capital Markets and Investment Banking commented: "Parex banka is the only institution from the Baltic region which has attracted such great interest from Asia. We are proud to be pioneers in establishing relationships with Asian partners, building on the success of our representative office in Japan, which we opened in 2003".
Mr. Keizo Ohashi, General Manager of Mizuho London said: "We are delighted to have been involved in this ground breaking transaction and to have assisted Parex to be the first Eastern European based bank to specifically raise funds from the Asian market. The interest shown has been tremendous and we were especially pleased to see some banks entering this market for the first time. The oversubscription demonstrates Parex's international profile and its ability to tap the global loan markets".
Šaltinis:
parexgroup.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »