Thu, 26 Nov 1998: Hansapank receives major money shots…



"This project will therefore strengthen a key player and support it in meeting the financing requirements of the private sector."The 150 million deutschemark loan that Hansapank received on Nov. 17 is the biggest syndicated loan ever received by an Estonian financial institution. By completing this major loan, EBRD is supporting the development of the banking sector in the wake of the Russian crisis, reports EBRD in its press release. The loan comprises a five-year 50 million DM loan from EBRD and a three-year 100 million DM loan from participant banks."There was a slight oversubscription to the syndicate loan and the fact that the loan interest is slightly higher than it has been earlier is quite normal in the present complicated market si... Read the rest of this entry »

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