ZAGREB, March 15 (Hina) - The Croatian Bank for the Reconstruction and Development (HBOR) and a syndicate of 19 banks on Thursday signed a contract on a $45-million loan to be granted for the shipbuilding industry and other programmes
of support to Croatian export.
ZAGREB, March 15 (Hina) - The Croatian Bank for the Reconstruction
and Development (HBOR) and a syndicate of 19 banks on Thursday
signed a contract on a $45-million loan to be granted for the
shipbuilding industry and other programmes of support to Croatian
export.#L#
The organisers of the syndicated loan - the Privredna Bank Zagreb
(PBZ) and Standard Bank London (SBL) - initially proposed 35
million US dollars, but the response of banks interested in the
matter was so great that it was eventually decided to ensure 45
million with the LIBOR interest rate increased by 1.25 percent, the
repayment period of three years since the conclusion of the
contract and standard conditions to ultimate users.
(hina) ms