Sandnes set to sign after oversubscription

24 May 2010

Norway’s Sandnes Sparebank is expected to increase a Eu135m syndicated loan when it signs the facility on Friday.

Danske Bank, DnB NOR Bank, Lloyds Banking Group and Swedbank are the mandated lead arrangers on the deal, one of the first from a bank in western Europe for almost two years.

The three year facility will pay a margin of 162.5bp and five banks are expected to join ...

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