$110 million and €517.3 million dual tranche and dual currency term loan
$110 million and €517.3 million dual tranche and dual currency term loan
Our Bank has successfully renewed the EUR 600 million syndicated loan secured in May 2008. The new transaction is signed on 12 May, 2009 with an equivalent amount of EUR 600 million and comprises two tranches, USD 109,974,375 and EUR 517,312,500. The loan, which will be used for pre-export financing, was closed with the participation of 31 banks from 15 countries and an all-in cost of Libor/Euribor + 2.5%.