April 03, 2014

Five transactions in Q1 result in €194 million in new financing for CTP

Five transactions in Q1 result in €194 million in new financing for CTP

During Q1 2014, CTP signed agreements with five banks resulting in new financing or refinancing of projects with a total volume of €194 million.

Recent transactions include a €92 million refinancing package with long-term partner Česká spořitelna, part of Erste Bank Group, as well as a €20.5 million agreement with VUB, a bank of Intesa Sanpaolo, who now hold €30 million in loans, up from €5.6 million in 2012. These two transactions confirm the parties' ongoing cooperation and reaffirm their long-term financial relationship.

Other transactions concluded in the quarter include €28 million refinanced with Raiffeisenlandesbank, €52 million refinanced with Helaba, and a new transaction with Komerční Banka.

During 2013 and Q1 2014, CTP has been able to refinance nearly 80 percent of its loan portfolio with both existing and new financial partners.

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