OREANDA-NEWS. December 18, 2007. LOCKO-Bank signed a US$35 million syndicated facility. The transaction was lead managed by Commerzbank Aktiengesellschaft, Raiffeisen Zentralbank Oesterreich AG and VTB Bank (Deutschland) AG with KBC Bank NV Dublin Branch acting as a nominal MLA, reported the press-centre of LOCKO-Bank.

The syndicate also includes Anglo-Romanian Bank Limited and National City Bank as Arrangers, ADRIA BANK AKTIENGESELLSCHAFT as Lead Manager with Dresdner Bank AG and INDOVER BANK Hamburg Branch as Managers. The transaction, initially launched at an amount of US$20 million, was increased to US$35 million due to a 75% oversubscription. The loan is trade related and has a term of one year and an extension option for one more year. The facility pays a yield of 240 bps over Libor.

This loan is the fourth one attracted by the Bank in the last 2 years. The Bank finds this transaction to be successful both in terms of the amount - substantially oversubscribed in the current difficult market conditions - and the margin, which is 20 bps lower than the one on the previous deal, while fees remained at market level.