EUR 100,000,000 Syndicated Term Loan Facility
HSH Nordbank is a strong commercial bank in its core region of Northern Europe. We are deeply rooted in our home market of Hamburg/Schleswig-Holstein and market leader in the corporate customer segment. To our customers we offer an innovative range of products and services coupled with individual advice in all business areas, including Private Banking.
BayernLB, DnB NOR Markets, HSH Nordbank AG and Swedbank AB ('The MLA's') are pleased to announce that the EUR 100 Million Syndicated 3-year Loan Facility for Fionia Bank A/S ('Fionia', 'Fionia Bank' or the 'Borrower') was signed in Hamburg on the 30th April 2008.
The transaction which was launched at EUR 100 million was well received by the international banking market. The Borrower elected to keep the final facility amount to EUR 100 million.
The following banks joined the facility:
Mandated Lead Arrangers
BayernLB, DnB NOR Markets, HSH Nordbank AG and Swedbank AB
Book Runners
BayernLB, HSH Nordbank AG and Swedbank AB
Facility Agent
DnB NOR
Arrangers
LRP Landesbank Rheinland-Pfalz-Member of the LBBW Group, Landwirtschaftliche Rentenbank, Lloyds TSB Bank plc, Norddeutsche Landesbank Girozentrale
Co-Arranger
Landesbank Saar, Luxembourg Branch
Lead Managers
The Export-Import Bank of the Republic of China, Salzburger Landes-Hypothekenbank AG
Manager
First Commercial Bank Ltd., London Branch
The transaction is a single tranche facility paying a margin of 49 bps.
Fionia Bank, formed in 1974 by the merger of 12 local banks, is today a leading bank on Funen (Fionia in Latin), the surrounding islands and the "trekantsområdet" (the region encompassing the cities of Vejle, Kolding and Fredericia on Jutland) with a market share of around 20%.
The bank's primary focus is as full-service retail bank, serving private customers and small and medium sized corporate clients. Utilising its strong brand and high quality customer service, it has over the past few years expanded this strategy into other geographical areas of Denmark. Business outside of Funen is primarily focusing on corporate clients and high net worth individuals. Fionia is listed on the Copenhagen Stock Exchange.
As at 31st December 2007, total assets amounted to DKK 31.5 billion (EUR 4.23 billion), total equity amounted to DKK 2.01 billion (EUR 271 million). 2007 saw core income increase by 34% from 2006 to DKK 411 million (EUR 55 million).
Pre tax profit remained in line with expectations at DKK 315 million (EUR 42 million) which represents an average return on equity of 16%.
Total solvency ratio (CAD) was 10.5 per cent and the core capital ratio (tier 1) was 8 per cent.
On the 4th January 2008, Fionia Bank was given the following ratings by Moody's
Financial Strength : C
Short term : P-1
Long term: A1
If you have any questions regarding the above please do not hesitate to contact the undersigned.
Stephen Harris
HSH Nordbank AG
Syndications
Tel No: 00 44 20 7903 7796
For and on behalf of the Mandated Lead Arrangers
The following banks joined the facility:
Mandated Lead Arrangers
BayernLB, DnB NOR Markets, HSH Nordbank AG and Swedbank AB
Book Runners
BayernLB, HSH Nordbank AG and Swedbank AB
Facility Agent
DnB NOR
Arrangers
LRP Landesbank Rheinland-Pfalz-Member of the LBBW Group, Landwirtschaftliche Rentenbank, Lloyds TSB Bank plc, Norddeutsche Landesbank Girozentrale
Co-Arranger
Landesbank Saar, Luxembourg Branch
Lead Managers
The Export-Import Bank of the Republic of China, Salzburger Landes-Hypothekenbank AG
Manager
First Commercial Bank Ltd., London Branch
The transaction is a single tranche facility paying a margin of 49 bps.
Fionia Bank, formed in 1974 by the merger of 12 local banks, is today a leading bank on Funen (Fionia in Latin), the surrounding islands and the "trekantsområdet" (the region encompassing the cities of Vejle, Kolding and Fredericia on Jutland) with a market share of around 20%.
The bank's primary focus is as full-service retail bank, serving private customers and small and medium sized corporate clients. Utilising its strong brand and high quality customer service, it has over the past few years expanded this strategy into other geographical areas of Denmark. Business outside of Funen is primarily focusing on corporate clients and high net worth individuals. Fionia is listed on the Copenhagen Stock Exchange.
As at 31st December 2007, total assets amounted to DKK 31.5 billion (EUR 4.23 billion), total equity amounted to DKK 2.01 billion (EUR 271 million). 2007 saw core income increase by 34% from 2006 to DKK 411 million (EUR 55 million).
Pre tax profit remained in line with expectations at DKK 315 million (EUR 42 million) which represents an average return on equity of 16%.
Total solvency ratio (CAD) was 10.5 per cent and the core capital ratio (tier 1) was 8 per cent.
On the 4th January 2008, Fionia Bank was given the following ratings by Moody's
Financial Strength : C
Short term : P-1
Long term: A1
If you have any questions regarding the above please do not hesitate to contact the undersigned.
Stephen Harris
HSH Nordbank AG
Syndications
Tel No: 00 44 20 7903 7796
For and on behalf of the Mandated Lead Arrangers
