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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.

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Slovakia remains unknown in convention business

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The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Kotleba should be defeated in election, not banned

More constitutional can be less democratic, and it is not clear that it always has the intended result. Perhaps the clearest historical case came with the rise of the Nazis in Germany.

Marian Kotleba

Slovakia to leave NATO is a hoax

The Slovak Spectator brings you a selection of hoaxes that appeared over the past week.

Some peple gathered at Slavin in Bratislava brought ani-NATO banners.

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)