Arrangers Bank

  • Austria, ING and Standard Bank London have closed a refinancing for Czech television group Bivideon, which is owned mainly by Deutsche Equity and Tele Danmark.


The K2.7bn, four-year, syndicated credit refinances a €180mn privatisation loan for Bivideon in December 2001, underwritten solely by Standard. The amortising structure has paid down one third already and is priced at Euribor + 1-2%.