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Hankook Tire Hungary unit signs for EUR 70m refinancing loan

The Hungarian unit of Korea's Hankook Tire signed an agreement for a EUR 70 million syndicated loan on May 27, Raiffeisen Bank Hungary told MTI.

Hankook will use the five-year amortizing loan to refinance its existing credit.

The syndicate includes Raiffeisen Bank Hungary, Raiffeisen Bank International, UniCredit Bank Austria and K and H Bank.