Länsförsäkringar Bank signs syndicated loan for borrowing on international capital market

7/16/2003 4:00 AM EST

Länsförsäkringar Bank signs syndicated loan for borrowing on international
capital market

On July 15, 2003, Länsförsäkringar Bank signed a syndicated loan facility, split
into a Term Loan and a Revolving Credit, on the international capital market.
The loan facility was oversubscribed by EUR 50 M, upon which the amount was
increased to EUR 150 M. The loan agreement pertains to borrowing over three
years and the mandated lead arrangers are Bayern Landesbank, Danske Bank and HSH
Nordbank.

"Our strong growth in the home-loan market involves a continued need for
borrowing in the capital market. We are now borrowing for the first time in the
international market. The syndicate is contributing to the financing of the
bank's long-term expansion," says Anders Larsson, CFO Länsförsäkringar Bank.

The following banks are lenders in the syndicate:

BayernLB Mandated Lead Arranger
Danske Bank Mandated Lead Arranger
HSH Nordbank Mandated Lead Arranger
Credit Suisse First Boston Arranger
Landesbank Rheinland-Pfalz Arranger
Natexis Banques Populaires Arranger
SEB Merchant Banking Arranger
Swedbank Arranger
The Royal Bank of Scotland plc Arranger
Nordea Senior Lead Manager
Raiffeisen Zentralbank Oesterreich AG Senior Lead Manager
Baden-Wurttembergische Bank AG Lead Manager
Erste Bank der Oesterreichischen Sparkassen AG Lead Manager
Landesbank Saar Girozentrale Lead Manager


For further information, please contact:

Tomas Johansson, CEO, Länsförsäkringar Bank +46 73 964 19 82
 

Anders Larsson, Financial Manager, Länsförsäkringar Bank +46 73 964 11 54
 

Mikael Östlund, Vice President Corporate Communications +46 70 553 12 82