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OTP Bank signed a €250 million term loan facility on July 2, 2010, the bank announced on Monday.
OTP said that the originally planned sum was €200 million, but that the transaction was heavily oversubscribed with 16 banks taking part in the deal.
The facility has a two-year tenor and carries a margin of 1.30% above Euribor.
OTP said the bank would utilize the proceeds from the facility for general funding-purposes.
The bank signed the syndicated loan facility just one day after it paid back a €500 million senior note plus last interest on July 1. (MTI-ECONEWS)