Länsförsäkringar Bank signs syndicated loan for borrowing on international capital market
Länsförsäkringar Bank signs syndicated loan for borrowing on international capital market On July 15, 2003, Länsförsäkringar Bank signed a syndicated loan facility, split into a Term Loan and a Revolving Credit, on the international capital market. The loan facility was oversubscribed by EUR 50 M, upon which the amount was increased to EUR 150 M. The loan agreement pertains to borrowing over three years and the mandated lead arrangers are Bayern Landesbank, Danske Bank and HSH Nordbank. "Our strong growth in the home-loan market involves a continued need for borrowing in the capital market. We are now borrowing for the first time in the international market. The syndicate is contributing to the financing of the bank's long-term expansion," says Anders Larsson, CFO Länsförsäkringar Bank. The following banks are lenders in the syndicate: BayernLB Mandated Lead Arranger Danske Bank Mandated Lead Arranger HSH Nordbank Mandated Lead Arranger Credit Suisse First Boston Arranger Landesbank Rheinland-Pfalz Arranger Natexis Banques Populaires Arranger SEB Merchant Banking Arranger Swedbank Arranger The Royal Bank of Scotland plc Arranger Nordea Senior Lead Manager Raiffeisen Zentralbank Oesterreich AG Senior Lead Manager Baden-Wurttembergische Bank AG Lead Manager Erste Bank der Oesterreichischen Sparkassen AG Lead Manager Landesbank Saar Girozentrale Lead Manager For further information, please contact: Tomas Johansson, CEO, Länsförsäkringar Bank +46 73 964 19 82 tomas.johansson@lansforsakringar.se Anders Larsson, Financial Manager, Länsförsäkringar Bank +46 73 964 11 54 andersn.larsson@lansforsakringar.se Mikael Östlund, Vice President Corporate Communications +46 70 553 12 82 mikael.ostlund@lansforsakringar.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/16/20030716BIT00070/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/16/20030716BIT00070/wkr0002.pdf