BSTDB Signs Its Second Syndicated Loan Facility
Press Release | 12-Jan-2006
Black Sea Trade and Development Bank (BSTDB) signed a USD 50 million syndicated term loan facility (the Facility) in London on January 12, 2006. The tenor of the Facility is 3 years and its proceeds will be used for general funding purposes. The transaction represents BSTDB’s second visit to international syndicated loan market.
Bayerische Landesbank (Germany), Natexis Banques Populaires (France) and SANPAOLO IMI Bank Ireland plc (Ireland) acted as lead arrangers for the Facility.
General Bank of Greece, Landesbank Rheinland-Pfalz (Germany), Erste Bank (Austria), Kommunalkredit International Bank Ltd. (Austria), HSH Nordbank AG (Germany) and ExImBank of the Republic of China also joined the Facility.
“As a regional development bank, BSTDB places great emphasis on attracting international sources of financing for its operations and we see this syndication as a way to increase the resources available to our clients in the Black Sea region”, stated Sophia Kassidova, BSTDB Vice-President Finance, signing the Facility.
-------------------
Bayerische Landesbank, one of the largest banks in Germany, is involved in the loan syndication market worldwide. The bank is particularly active in Central and Eastern Europe through its syndication team in Munich.
Natexis Banques Populaires is one of the largest banks in France and a major participant in the international financing market. Through its subsidiary Coface, it is one of the world’s leading providers of credit insurance and credit management services.
SANPAOLO IMI Group is a leading Italian banking group with a strong presence in the syndications market and proven expertise in arranging facilities both for companies and financial institutions across the EMEA region.
BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters is in Thessaloniki, Greece. With an authorized capital of SDR 1 billion (approx. USD 1,45 billion), the Bank supports economic development and regional cooperation by providing financing, guarantees, and equity for projects in the public and private sectors in its member countries. BSTDB is rated Long Term Baa2 and Short Term P2 by Moody’s.