Magyar
Telekom today announced the signature of two loan agreements with the
Deutsche Telekom Group for Hungarian forint-denominated loans. The
loans will be used to partially finance Magyar Telekom's recent
dividend payment.
Magyar Telekom signs DT loan to partially finance dividend payment
2005. 06. 01. 00:00:00
Budapest,
Magyar Telekom has been granted two loans by Deutsche Telekom in the amount of HUF 40 billion effective from June 1, 2005. The loans have different maturities with the following breakdown: a HUF 20 billion loan maturing in December 2007, and a HUF 20 billion loan maturing in October 2009. Both loans carry fixed interest rates of 7.447% p.a., and 7.533% p.a. respectively. Other conditions of the financing are similar to those in the previous agreements with Deutsche Telekom.
Magyar Telekom currently holds an A- credit rating from Standard & Poor's and Baa1 from Moody's.
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