EBRD - European Bank for Reconstruction and Develo : EBRD and group of banks support the refinancing of Hungary’s strategic gas storage

EBRD transforms loan to MOL into project financing for gas storage operator, MMBF

	Author(s):	Svitlana Pyrkalo
	Date:	15 January 2014

The European Bank for Reconstruction and Development (EBRD) has participated in a syndicate to refinance a strategic gas storage facility in Hungary, following the sale of MOL's majority stake in the gas storage to the Hungarian Development Bank and the Hungarian Hydrocarbon Stockpiling Association.  

In 2009 the EBRD co-financed the original construction of the storage facility at the Sz

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