LJUBLJANA (Slovenia), June 13 (SeeNews) - Slovenian energy company Petrol said on Wednesday it has signed two Schuldscheindarlehen, assignable loan agreements, with Raiffeisen Bank International AG acting as arranger and paying agent in the total amount of 30 million euro ($37.5 million).
In essence, a Schuldscheindarlehen is a loan privately placed with investors, unlisted and governed by German law.
Petrol said in a bourse filing it has taken out such loans for the first time in its history in a bid to diversify its financing sources and to continue with the restructuring of short-term obligations into long-term financial commitments.
The loans are taken out on an unsecured basis with a maturity of three years and with bullet repayments, one with a fixed interest rate and the other one with a floating interest rate.
($=0.7992 euro)