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GC Asia
OTP to sign on Tuesday
Hungary’s OTP Bank hopes to sign its Eu150m syndication loan on December 15. The deal has received a strong uptake, say bankers, and will be increased.
OTP, rated Baa1, has targeted its large relationship group. The one year facility pays a 125bp margin. Top level fees are100bp, bringing the all-in yield to 225bp.
Intesa Sanpaolo is the co-ordinator and a bookrunner along with BNP Paribas, Calyon, Commerzbank, Standard Chartered and UniCredit (Bank Austria). Each committed ...Already a subscriber? Login
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