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18.10.06

Hungarian Raiffeisen Bank signs€ 325 million syndicated term loan facility.

Raiffeisen Bank Zrt., Budapest, a subsidiary of Vienna-based RaiffeisenInternational Bank-Holding AG and member of the RZB Group, has recentlysigned a€ 325 million syndicated term loan facility with a tenor of five years. The facility serves general funding purposes and bears a margin of 0.20 per cent per annum. The transaction marks both the biggest and most successful syndicated term loan in the history of Raiffeisen Bank and the first one this year taken by a Hungarian bank. It was concluded by a commemorative signing yesterday evening on the occasion of the 50th anniversary of the Hungarian revolution.

Herbert Stepic, CEO of Raiffeisen International, said,"The conclusionof the deal underlines the positive sentiment of the international loanmarkets regarding Hungary. Above all, however, it underlines theexcellent reputation and standing of Raiffeisen across Central andEastern Europe."

The facility was fully underwritten by Bank of Tokyo-Mitsubishi UFJLtd., BayernLB and BNP Paribas (the Mandated Lead Arrangers andBookrunners) and initially launched for an amount of€ 200 million. Four Austrian Regional Raiffeisen Banks (from Upper Austria, Lower Austria-Vienna, the Burgenland and Salzburg), HSBC Bank Plc, Dexia Kommunalkredit Bank AG and Norddeutsche Landesbank Luxembourg S.A. joined the facility at a senior stage as Mandated LeadArrangers. In addition, twelve international banks joined in general syndication. Following a very well received general syndication, Raiffeisen Bank elected to increase the facility to € 325 million.

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Raiffeisen Bank commenced operations already in 1987 as a companyincorporated in Hungary. It was the first subsidiary bank of today''sRaiffeisen International Group. The bank holds a full commercial bankinglicense and carries on a wide range of financial activities. RaiffeisenBank is the country''s sixth largest bank with total assets of€ 5.1 billion as at 30 June 2006.

Raiffeisen International operates one of the leading banking networks inCEE with subsidiary banks and leasing companies in 16 markets. More than11 million customers are attended to through more than 2,700 businessoutlets. Representative offices in Lithuania and Moldova complement theGroup''s presence in the region. Raiffeisen International is a fullyconsolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB),which owns 70 per cent of the common stock. The remaining 30 per cent isfree float, the shares are traded on the Vienna Stock Exchange. RZB is aleading corporate and investment bank in Austria and the centralinstitution of the Austrian Raiffeisen Banking Group, the country''slargest banking group.

For further information please contact Michael Palzer (+43-1-71707-1504, michael.palzer@ri.co.at) or Martin Schreiber (+43-1-71707-1562, martin.schreiber@ri.co.at).

http://www.ri.co.at, http://www.rzb.at

 

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