Spectator on facebook

Spectator on facebook

CORPORATE NEWS

SPP signed $270 million syndicated loan

Slovenský plynárenský priemysel (SPP), the state-run gas company, signed an agreement on a $270 million (8.9 billion Sk) syndicated loan on June 13. The loan was arranged by Citibank and ING Barings, and another 17 banks from 9 countries participate in the syndicate. The 5-year loan bears a LIBOR interest rate of +0.35 percent. The original volume of the loan, $200 milllion, was increased following high interest by foreign banks. The banks didn't ask for any special guarantees from the SPP or the third parties. One of the conditions, however, was that the SPP remains 100 percent state-owned. The loan will be used to finance SPP operations as well as the completion of the fifth gas pipeline, which will increase the international transit of gas through Slovakia from the current 80 billion to 90 billion m3 of gas by 2000. The SPP made an after-tax profit of 8.6 billion Sk in 1996.

Top stories

Messerschmidt created most of his character heads in Pressburg

Bratislava will name a square after the prominent artist

A replica of one head from the series Character Heads by F. X. Messerschmidt; ownership of the Slovak National Gallery

Christmas Bazaar returns to the Old Market hall

One of the events which presents diplomatic communities residing in Slovakia to the wider public is the already traditional Christmas Bazaar, which focuses on gastronomy and charity.

Christmas Bazaar 2016

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Go east for real morality, Jean-Marc Barr says Photo

The French American actor/director, who plays in a Slovak co-production film, said during a recent visit to Bratislava that eastern Europe, and other eastern countries still have what America has already and what…

Jean-Marc Barr during IFF Bratislava 2017