RZB and Raiffeisen Bank (RBRO) as mandated arrangers have successfully completed the syndication of a 10-year €
73mn syndicated term loan facility for Romania’s Ministry of Transport, Construction and Tourism (MTCT). The facility was oversubscribed.
It was the first time in Romania that the borrower tapped the international loan market with a 10-year syndicated loan facility.
The details of the transaction are as follows:
The loan is for financing part of the non-US content for the Brasov to Oradea Motorway, in particular relating to the motorway construction project in 2004.
The supplier for the project is Bechtel International.
The motorway is a 415km dual carriageway from Brasov to the Hungarian border near the village of Bors. This is part of the Constanta-Bucharest-Budapest motorway corridor which is one of the three planned links of Trans-European motorway network.