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Student loan company calls tender for HUF 2.5 bln credit line

State-owned student loan provider Diákhitel Központ has called a tender for a HUF 2.5 billion line of revolving standby credit to be backed by a state guarantee.

The credit line is to be extended between September 12, 2011 and September 11, 2012.

Interest on the credit is not to exceed the one-month BUBOR plus the interest premium. No other costs or fees are to be attached to the credit line.

The deadline for bidding is August 22, 2011.

Last year, Erste Bank Hungary and Magyar Takarékszövetkezeti Bank provided Diákhitel Központ with a combined HUF 8.2 billion in revolving credit.