Spectator on facebook

Spectator on facebook

BUSINESS BYTES

Slovenské Elektrárne corrals $150 million syndicate loan

Slovenské Elektrárne (Slovak Power Plants - SE) and representatives of J.P. Morgan and 28 other banks (including Nomura, Bank of America, Bankers Trust, Citibank, Credit Lyonnais, Dai-Ichi Kangyo Bank, The Fuji Bank, NatWest, Societé Generale and The Sumimoto Bank) signed an agreement for a $150 million syndicate loan. The loan has a 3-year maturity with a possible 2-year prolongation. Its interest rate is LIBOR plus 0.875 percent and is not government-backed. In order to get the loan, SE had to pledge not to increase its loan burden above 55 percent of its total assets and not to decrease its current equity capital of 43 billion Sk to below 30 billion Sk. SE will use the funds to finance investments into environmental projects in the Vojany and Nováky power plants and its heat plant in Košice. It will also be used to improve SE's telecommunications service.

Top stories

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.

No fees bring higher summer roaming

EU regulation raises the volume of roaming calls and data with Slovak mobile operators .

People should pay attention on used data abroad.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness