According to latest message of the Bulgarian Stock Exchange, yesterday Bench Mark Fund Estates entered into a contract for bank loans with total value of 26.5 million Euro.
Through its representative office in London, the Nation Greek Bank gave to the fund a loan of 25 million Euro for a period of 8 years from the first date of assimilation of sums. The value of the credit should be adopted for financing and refinancing of projects, but not for VAT financing.
United Bulgarian Bank joint-stock company gave the fund 1,5 million levas in means of circulation.
The payback period is until January 7th , 2011.
The real securities for the both credits are real estates, owned by the company.