Eximbank to Channel Hungarian Loans Via Lenders, Nemzet Reports

Magyar Export-Import Bank Zrt., the Hungarian state-owned lender that sold $500 million in bonds this month, plans to extend 70 percent of its loans to exporting companies through commercial banks, Magyar Nemzet reported, citing Eximbank Chief Executive Officer Roland Natran.

Euro-denominated loans, ranging in maturity from two years to 10 years, may carry an interest rate below 5 percent, Natran said, according to the newspaper. The company plans to sell 2 billion euros in bonds in the next two years to boost its loans to exporters, Nemzet said.

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