A loan agreement worth around PLN 1.93 billion (EUR 461.36 million/US$515.27 million) has been signed by the major Polish bitumen producer Lotos Asfalt, to complete the finance for the company’s EFRA project to construct a delayed coking plant in Gdansk.
A consortium of institutions are to supply the finance. These are: BGZ, Bank Pekao, Bank Zachodni WBK, PKO Bank Polski,
The repayment date is 21 December, 2024, with interest rates linked to the LIBOR reference rate.
