CEE's CTP consolidates debt in jumbo real estate financing

Czech Republic icon 230px
By Mariam Meskin
24 Jun 2019

CTP, a commercial real estate developer based in Czech Republic, has signed a €1.9bn loan in one of the largest real estate packages to enter the syndicated loans market in central and eastern Europe ever.

The seven year loan is underwritten by Erste Group, Société Générale and UniCredit, who are also mandated lead arrangers.

Syndication is in advanced stages and is expected to complete within two weeks.

The borrower and arrangers are still in the process of finalising details with participant banks, though there are a ...

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