September 27 (SeeNews) - Croatia's multi-utility Zagrebacki Holding, fully owned by the city of Zagreb, said it has signed an agreement with six local banks to get a long-term syndicated loan in kuna, equivalent to up to 240 million euro ($231 million).
The syndicate of banks consists of Erste & Steiermarkische Bank, Nova Hrvatska Banka, OTP Banka, Privredna Banka Zagreb, Raiffeisenbank Austria and Zagrebacka Banka, the holding company said in a statement to the Zagreb bourse.
It will use 92% of the total amount to refinance loans extended before June 2021. The remainder of the financing will allow for the completion of projects related to the operational restructuring of the company and its group.
( $ = 1.0385 euro)
Zagrebacka Banka d.d. is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here