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Raiffeisen Zentralbank Österreich (RZB), as mandated lead arranger, and a consortium of lenders have signed into a €5.5mn term loan facility for Bulgaria’s Municipal Bank. The facility carries an initial maturity of 24 months and is available for extension for another period of 12 months at each lender’s discretion.

The facility will be used for finance transactions of the borrower’s customers.

Five banks (including the mandated lead arranger) of four different nationalities have joined the facility.

Arranger (€2mn): RZB; Managers (€1mn): Alpha Bank, Piraeus Bank, Vakifbank International (Wien) AG; Manager (€500,000): Atlantic Forfaitierungs AG.