Banca Comerciala Romana has awarded a mandate to Bank Austria Creditanstalt (bookrunner), Citibank (bookrunner), Erste Bank and RZB (documentation and facility agent) to arrange a US$100mn syndicated term loan facility. The arrangers are fully underwriting the deal.

The deal is being launched into syndication in January 2004.

There is a four-year grace period, while the maturity is five years.