Mandated arrangers DnB Markets and LB Kiel have signed banks into the Eu75m five year facility for savings bank Sandnes Sparebank. The deal was well supported and increased to Eu95m at signing. DZ Bank and Landesbank Baden-Württemberg joined as co-arrangers. Hamburgische Landesbank and Landesbank Rheinland-Pfalz joined as senior lead managers. Banca Monte dei Paschi di Siena, Bremer Landesbank Kreditanstalt Oldenburg, NordLB, Union Bank of Norway and WGZ-Bank joined as lead managers. The borrower last tapped the market in July 1998 with a Eu109.5m five year term loan. Mandated arranger was DnB Markets. The deal paid a margin of 22bp over Libor.
January 10, 2003