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MOL to take out Euro 500 mln loan

MOL Rt is planning to take out a Euro 500 million syndicated loan from foreign creditors, business news portal hvg.hu reported yesterday. Credit institutions interested in the deal are expected to make their bids by the end of the week. The loan would be for five years. The nine banks that extended a Euro 400 million bridging loan to MOL in October 2003 could participate in the deal again, hvg.hu said, adding that HSBC may also join the deal.

(BBJ 01.iii.05)

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