18.12.2014

On 18 December 2014 the Ministry of Finance successfully completed the procedure for assuming a bridge loan to the amount of EUR 1.5 billion. HSBC BANK PLC, SOCIÉTÉ GÉNÉRALE, CITIBANK, N.A., LONDON BRANCH and UNICREDIT BULBANK AD are acting as bookrunners, mandated lead arrangers and lenders and UNICREDIT BANK AG (London branch) - as agent. The loan is agreed for six months with an option for extending it by another six months, the annual interest rate being 1.079%, determined on the basis of 6-month EURIBOR plus 90 b.p.

The loan will be used for financing the state budget deficit, for extending a loan to the Bank Deposit Insurance Fund and for providing liquidity support.

The loan will be repaid in 2015 by proceeds from bond issue on the international capital markets.