Unterzeichnung(en)
Übersicht
Partial first demand counter guarantee of Hitelgarancia’s 80% guarantee of Hungarian commercial banks’ long term loans extended to Hungarian municipalities and/or associations of Hungarian municipalities.
The proposed operation intends to make access to loan facilities easier for local public entities in Hungary, especially the smaller ones which do not have the collateral necessary for borrowing, making access to external financing very difficult under current market circumstances. It will also lower the funding cost for those public sector entities, as the Bank’s involvement will reduce the risk weighting of the corresponding loan amount to 0% for the originating commercial bank.
All eligible projects will have to comply with the environmental conditions in line with European and national legislation.
All eligible projects will have to comply with European and national legislation on procurement.
Operation targeting public sector.