Koruna commitments pour in for PPF's acquisition facility

Czech investment firm PPF has quashed concerns that lenders' appetite for lending in Czech koruna might not be sufficient for its €2.3bn-equivalent loan by receiving commitments mostly in the Czech currency.

  • By Michael Turner
  • 12 Dec 2013

PPF will use the financing to buy a 65.9% stake in Telefónica Czech Republic from Telefónica.

"The loan is predominantly in koruna," said a senior loans banker. "Local banks are liquid and international banks have the currency to lend."

There will still be a euro tranche, as some banks, particularly ...

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