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CROATIAN POWER SUPPLY COMPANY GRANTED EUR120 MILLION LOAN

DUBROVNIK, April 2 (Hina) - President of the Croatian Power Supply Company's (HEP) Management Board Ivo Covic and Georg Feldscher from Raiffeisen Zentral Bank Austria signed a loan agreement worth EUR120 million between HEP and trade unions of 24 European and the World Bank. Covic said that by the signing of the agreement, the HEP brought a significant business task in 2001 to an end. The loan is granted to a three-year period with an Euribor interest rate of 1.65 percent, and a possibility of extension to another two years.(hina) it
DUBROVNIK, April 2 (Hina) - President of the Croatian Power Supply Company's (HEP) Management Board Ivo Covic and Georg Feldscher from Raiffeisen Zentral Bank Austria signed a loan agreement worth EUR120 million between HEP and trade unions of 24 European and the World Bank. Covic said that by the signing of the agreement, the HEP brought a significant business task in 2001 to an end. The loan is granted to a three-year period with an Euribor interest rate of 1.65 percent, and a possibility of extension to another two years. (hina) it

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