Hungary’s Mol attracts new lenders while cutting bank group

15 Jun 2011

Despite reducing the size of its bank group, Hungarian oil firm Mol has signed its Eu1bn five year one plus one loan with an increased total and competitive margin.

As club deals have become the norm for loans in central and eastern Europe, bank groups have naturally reduced but Mol attracted two new investment banks (Deutsche and Goldman Sachs) to its lending group.

Bank of Tokyo-Mitsubishi UFJ and ING co-ordinated the transaction and UniCredit acted as agent. These ...

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