Mandated lead arrangers Deutsche Bank AG London and EFG Telesis Finance SA, Athens, plus 12 other lenders, have signed a five-year US$120mn trade-related term loan facility for 22 Romanian thermal power plants. The loan is fully guaranteed by the Ministry of Public Finances of Romania and proceeds will be used to finance the borrowers” purchases of gas, oil and coal. Deutsche Bank is the facility agent.

Repayment amortises quarterly with a two-year grace. The margin is 1.85% per year for years one-three and 2.15% for years four and five.

Lead arrangers are Banc Post SA, National Bank of Greece SA – Sucursala Bucuresti. Erste Bank is an arranger, while Kommunalkredit International Bank is a co-arranger.

Lead managers are: Alpha Bank, BayernLB, BAWAG Bank fur Arbeit und Wirtschaft AG, Emporiki Bank of Greece, Piraeus Bank Romania.

Managers are Banco Nacional Ultramarino and Sabanci Bank. Espirito Santo plc is a participant.