ZAGREB, June 21 (Hina) - The Croatian Bank for Reconstruction and Development (HBOR), a bank syndicate and chief organisers ING Bank N.V. and Reiffeisen Oesterreich AG on Friday signed an agreement on a EUR82.5 million syndicated
loan.
ZAGREB, June 21 (Hina) - The Croatian Bank for Reconstruction and
Development (HBOR), a bank syndicate and chief organisers ING Bank
N.V. and Reiffeisen Oesterreich AG on Friday signed an agreement on
a EUR82.5 million syndicated loan. #L#
The loan will be used by the HBOR to finance its programmes of export
financing, restructuring of companies and providing loans for
investment projects.
Besides the chief organisers, the syndicate consists of another 17
banks from eight countries.
The loan was granted for five years with an interest rate of EURIBOR
of six months plus 0.8 percent annually.
(hina) lml