Amsterdam’s AMC teaching hospital has signed a €635m credit agreement with a consortium of banks made up of ING, Rabobank and the local authorities’ bank VNG, the Financieele Dagblad reports on Monday.
The paper says the deal is one of the biggest involving a Dutch healthcare institution. The money will be used for renovations, new buildings and working capital.
The deal will run for 20 years and the interest payable will be re-assessed every two to five years.
The paper says the AMC had also been in talks with a pension fund but that it wanted to charge commercial interest rates. ‘Then you might as well go with a bank,’ Ruud Hopstaken, deputy chairman of the AMC’s management board, said.
The hospital is still in talks about a loan guarantee.
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