HANSAPANK

ANNOUNCEMENT

17.11.98

 

HANSABANK'S SYNDICATED LOAN

 

 

Today, November 17, Hansabank signed a DEM 150 million syndicated loan agreement. 

The joint arrangers of the loan are EBRD, Bankgesellschaft Berlin and Hamburgische 

Landesbank. The loan will be taken in two tranches. DEM 50 million will be borrowed 

from EBRD with a 5 year maturity and DEM 100 million through a syndication of 

commercial banks with a 3 year maturity. The cost of the 5 year loan is 

DEM Libor + 2.5% (all-in cost) and the cost of the 3 year loan is DEM Libor + 2.25% 

(all-in cost).

 

The funds from the loan will be received before the end of the year and they 

will be used for improving the asset structure of the group.

 

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569