BAYERISCHE Landesbank, Citibank, Deutsche and Sumitomo, arrangers of the $150m five year revolving credit for Magyar Olaj-es Gazipari (Mol) will hold a signing ceremony today (Friday). Over $150m was raised in general syndication, and the borrower increased the loan from $100m. Such was the popularity of the long mooted facility, that even after the increase, lenders still had to be scaled back.
December 18, 1998