OREANDA-NEWS. August 21, 2007. URSA Bank signed a dual tranche syndicated loan facility on Monday 20th August in an amount of US$225,000,000.  The transaction was launched at US$100,000,000 and despite deteriorating market conditions, closed substantially oversubscribed following a very successful syndication.  The success of the syndication is a testament to URSA’s strong regional presence as well as its solid banking relationships.

The Bank of Tokyo-Mitsubishi UFJ (“BTMU”), Standard Bank Plc (“Standard Bank”), Unicredit Group (“Unicredit”) (represented by Bayerische Hypo- und Vereinsbank AG and Bank Austria Creditanstalt AG) and WestLB AG, London Branch (“WestLB”), were the Bookrunners and Mandated Lead Arrangers.

Standard Bank is acting as Facility Agent.