Straumur-Burdaras Investment Bank hf. confirms that it has recently closed financing transactions totaling EUR 395 million. This figure includes a syndicated loan of EUR 180 million which was signed today, 27 May 2008. The syndicated loan was in two tranches; EUR 70 million at 110 bps over Euribor with one year maturity and EUR 110 million at 180 bps over Euribor with three years maturity. The loan was led by Bayern LB, Commerzbank, HSH Nordbank and RZB. Ten banks from five countries participated in the loan. In addition to this the Bank has closed bilateral financings with a number of parties totaling EUR 215 million with maturities ranging from one to five years. As a result of these transactions the Bank's expected liquidity extends into the second half of 2009. For further information contact: Olafur Teitur Gudnason Corporate Communications - Media Relations olafur.gudnason@straumur.net +354 8586778
Straumur secures financing of EUR 395 million
| Source: Straumur-Burðarás Fjárfestingabanki hf.