(1 6950 HUF, -0,26%) is seeking loans of as much as € 400m for itself and as much as US$ 400m for INA, according to three people with knowledge of the matter.
The company is looking for facilities with a three- or five-year maturity, according to the people, who asked not to be identified.
Our view:
This transaction would likely aim to refinance the € 700m syndicated loan expiring this year. We see the news as neutral.