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OTP Bank seeking euro loan.

Global Banking News-13 November 2009-OTP Bank seeking euro loan(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 13 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Hungary-based OTP Bank (OTPB.BU) is seeking a euro loan.

The bank has launched syndication of a EUR150m, 12-month term loan. It pays a margin of 125 basis points over EURIBOR and would be used for general financing purposes.

BNP Paribas (BNPP.PA), Calyon, Commerzbank (CBK.HA), Intesa Sanpaolo (IES.MU), Standard Chartered Bank (LSE: STAN) and UniCredit Bank Austria (CRI.MU) are mandated lead arrangers and bookrunners. Intesa Sanpaolo is acting as the facility co-ordinator.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Nov 13, 2009
Words:130
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