Slovenian electricity producer and trader, Holding Slovenske Elektrarne (HSE), has successfully refinanced €220mn in long-term financing.

The financing was arranged by Russia’s VTB bank alongside a syndicate of international banks including BNP Paribas, Raiffeisen Bank, UniCredit and Slovenian NLB bank.

Deputy CEO of VTB Group and head of VTB International, Riccardo Orcel, says: “The financing has allowed the company to extend its maturity profile and meet refinancing objectives set for this year.”