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OTP signs for EUR 300m two-year syndicated loan

OTP Bank has signed for a EUR 300 million two-year syndicated loan, OTP Bank told MTI on Friday.

OTP raised the volume from an originally planned EUR 200 million after receiving offers of EUR 200 million.

The general-purpose loan carries an interest of EURIBOR plus 1.50%.

Lead managers and bookrunners of the transaction were BNP Paribas, Citibank, Credit Agricole Corporate and Investment Bank, ING Bank N.V. Intesa Sanpaolo S.p.A., UniCredit Group, represented by UniCredit Bank Austria AG and Yapi Kredi Netherland, and Wells Fargo Bank, N.A.

This is the third time the bank takes out a loan since the outbreak of the financial crisis. The first credit agreement, for a one-year EUR 220 million loan, was signed in 2009. This was followed by a two-year EUR 250 million transaction in 2010.