Spectator on facebook

Spectator on facebook


SE succeeds in restructuring its loans

Slovenské Elektrárne (Slovak Power - SE), has secured funds worth 50 billion Sk this year, which has enabled the company to reduce its average interest on its loans from 14.3 percent at the beginning of this year to the current level of 11.6 percent. One of the most important transactions was the loan restructuring from Investičná a Rozvojová Banka (IRB) last March. In the agreement, two loans worth a total of 13.191 billion Sk will be repaid by 2010 and 2015, respectively, and will bear an interest rate of 13.25 percent. At the end of May, SE obtained a loan worth 26.63 billlion Sk to complete the first two blocks of the nuclear power plant at Mochovce. In June, SE organized a 3-year revolving credit line worth 1.5 billion Sk from a Slovak bank consortium led by Všeobecná Úverová Banka (VÚB), with an interest of BRIBOR + 1.7 percent. A month later, SE obtained another loan from a bank consortium, this time for $150 million arranged by JP Morgan with an interest of LIBOR + 0.875 percent.

In January, SE is expected to sign a contract for a syndicated revolving loan worth 50 million ECU. The loan, to be manged by the Bank of America and Sumimoto Bank, will be used to finance general corporate needs, but with priority given to the electrical power plant project at Vojany.

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava