Nova Kreditna Will Raise Up to $258 Million in a Loan

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Nova Kreditna Banka Maribor d.d., Slovenia’s biggest publicly traded lender, plans to raise as much as 200 million euros ($258 million) in a syndicated loan without government support to ensure its long-term funding.

“We are completing a club deal with some of the European banks for financing without the state backing,” Matjaz Kovacic, chief executive officer of the Maribor-based lender, said in an interview. “We need long-term funding and the response from banks is great so the deal will be completed this month.”