Hipoteku banka assigns a mandate for a new syndicated loan

| Source: Latvijas Hipoteku un zemes banka Latvijas Hipoteku un zemes banka 

Hipoteku banka has mandated four banks to raise EUR 100 m on a syndicated loan
market. Tenor of new facility will be 3 years. Initial Mandated Lead Arrangers
are Barclays Bank PLC, DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt am Main, Intesa Sanpaolo S.p.A. and Standard Bank Plc. 

„This just launched project is important for us not only as a way to attract
funds from international capital markets, but also as a way of establishing new
business partnerships. We are glad that even at the very initial stage of the
facility, i.e. pre-mandate, we have succeeded in bringing into the deal
brand-new names for Latvian financial market” - Normunds Suksts, Head of
Treasury of Hipoteku banka. „While attracting funds we focus on broadening our
investor base. We have completed  significant transaction with Japanese banks
in June and are going to develop this direction in the future as well.” 

Hipoteku banka is the only state-owned bank in the Baltics. It is rated A2 by
Moody's. Hipoteku's mortgage bonds benefit from A1 rating. 


12.07.2007.