EBRD lends EUR 150 million to Raiffeisen Bank Romania

Newsroom 12/09/2011 | 16:04

The EBRD lending EUR 40 million to Raiffeisen Bank Romania, part of a syndicated loan totalling EUR150 million. This 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.

This 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.

The A-loan of EUR 40 million is provided for the EBRD’s own account. The B-loan, which was over-subscribed from the initial EUR 80 million, closed at EUR110 million for the accounts of the participating banks.

List of B loan participating banks and roles includes the following Initial Mandated Lead Arrangers and Bookrunners: BNP Paribas, Commerzbank Aktiengesellschaft; Raiffeisen Banking Group Austria*; Wells Fargo Bank, National Association. Senior Lead Arranger was YPO NOE Gruppe Bank AG. The Lead Arranger was Pohjola Bank Plc, while the Co-Arranger was Adria Bank Aktiengesellschaft Nova KMB Group.