BSTDB MANDATES ITS SECOND SYNDICATED LOAN FACILITY
Press Release | 14-Nov-2005
As a result of the expansion of its activities, the Black Sea Trade and Development Bank (BSTDB) has mandated Natexis Banques Populaires, BayernLB and SANPAOLO IMI IRELAND BANK PLC. to arrange, a USD 40 Million Syndicated Term Loan Facility, representing its second syndicated loan facility. The tenor of the transaction is 3 years. BSTDB will use the proceeds of the facility for general funding purposes.
Natexis Banques Populaires is a financing, investment banking and services bank and the listed vehicle of the Banque Populaire Group.
With a network of some 12,000 employees, Natexis Banques Populaires builds long-term domestic and international partnerships with its clientele of large and medium-sized companies, financial institutions and the Banque Populaire Group network.
Drawing on its expertise in a wide range of complementary areas, Natexis Banques Populaires provides not only traditional banking services but also high value-added technology-based services. In order to meet its clients’ needs and ensure the highest quality standards, the Bank offers specialist services in each of its businesses.
Natexis Banques Populaires is a major player in the financing market, serving substantially all major French companies. Through its subsidiary Coface, it is one of the world’s leading providers of credit insurance and credit management services. At the same time, Natexis Banques Populaires is ranked amongst the leaders in private equity and financial engineering, and plays an active role in debt and equity brokerage. It is also the number one provider of high-tech services. A well-known and highly respected player in the bancassurance and asset management sectors, it is the leading employee savings plan manager in France.
Bayerische Landesbank (BayernLB) is one of the largest banks in Germany with a consolidated balance sheet of EUR 333 billion as per 31 December 2004. The bank has its headquarters in Munich. BayernLB is jointly owned by the Free State of Bavaria and the Association of Bavarian Savings Banks, each with a 50% stake. BayernLB is an active and renowned player in the loan syndication market world-wide as an arranger, underwriter and lender. The bank is particularly active in Germany, Western Europe, Central and Eastern Europe as well as Scandinavia through its syndication team in Munich. BayernLB was voted “Best Arranger for Financial Institutions” in 2002 and 2003 in the Euromarket by banks polled by the renowned magazine EUROWEEK, London.
The SANPAOLO IMI Group is a leading Italian banking group headquartered in Turin, with 134 foreign branches / representative offices and consolidated total assets in excess of EUR 267 billion. The Group has a strong presence in the syndications market and proven expertise in arranging facilities both for corporates and financial institutions across the EMEA region. The current Long Term credit rating of the SANPAOLO IMI Group is Aa3 with Moody’s, A+ with Standard & Poor’s and AA- with Fitch.
The Black Sea Trade and Development Bank (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 authorised 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. As at end of September 2005, project financing and corporate lending represent over 87% of the Bank’s commitments, with short term trade financing accounting for around 11% of the portfolio. BSTDB is rated Long Term Baa2 and Short Term P2 by Moody’s.