Finnish property company Sponda said it has reached an agreement with lender Nordea Bank Finland for a new EUR 150 mln unsecured five-year facility. The loan will be used to repay existing debts and will replace short-term credit limits for the same amount that mature in March 2010. The margin on the loan corresponds to current market rates and the terms and conditions of the loans are the same as Sponda's other loans.
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