The announcement of the winning consortium to arrange the Eu300m five year facility for Hungarian Development Bank (MFB) is imminent. A final shortlist has been drawn up and only two of the original five bidding groups are still in the running: IntesaBci, Commerzbank and ABN Amro; and Sumitomo, WestLB, DZ Bank and ING.
Syndication of the $100m three year facility for Magyar Export-Import Bank (Hungarian Export-Import Bank) has been closed by mandated arranger Commerzbank.
WestLB, Helaba, CIB and K&H Bank have joined as arrangers. The deal pays a margin of 17.5bp over Libor and includes a two year extension option.
