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MVP Schoenherr advised the Finance Parties (Merrill Lynch International, KfW IPEX-Bank, Banco Finantia, First Abu Dhabi Bank, Banco Bilbao Vizcaya Argentaria, S.A., OTP Bank Group, Erste Group, Intesa Sanpaolo and Eurobank Private Bank Luxembourg) on a EUR 400m syndicated facility agreement with the State of Montenegro as borrower.
The facility has a seven-year tenor, with semi-annual repayments, and bears interest at six-month EURIBOR plus a margin of 2.5 %. The proceeds will be used to establish fiscal reserves for 2027 and 2028.
The facility will support timely debt servicing and contribute to maintaining fiscal stability, given the State's financing needs of approximately EUR 2.1bln over the two-year period.
The Schoenherr team was led by Nikola Babić (Partner) and further included Petar Vučinić (Attorney at Law).
Petar
Vučinić
Attorney at Law
montenegro
Katharina
Falkner
Corporate Communications Manager
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