Home | Projects |

Alro/Vimetco Corporate Loan Facility

Romania | Materials

Identification Code:: OP/15/0013
Total Operation Cost:: 60.000.000 USD
Maturity:: 84 months
Operation Status:: BSTDB Approved Amount – Approval Date

60.000.000 USD – 20 Jun 2015
: BSTDB Signed Amount – Signed Date

60.000.000 USD – 14 Dec 2015
: Status:
Completed
Description and Purpose of the Operation:: Provision of a long-term corporate loan for the capital expenditures of Alro SA
Countries of Operation:: Romania (100,00%)
Financial Product:: Loans
Sector:: Materials
Domain:: Private
Borrower/Client:: Alro SA, Romania
Co-Financers/Participants:: International financial institutions / commercial banks
Guarantors/Sponsors:: Vimetco N.V.
Developmental and Regional Cooperation Impact:: BSTDB participation in the operation would help bring a positive social development impact. It would: - Generate additional export and tax revenues; - Contribute to the activities of a successful company/Group in Romania - Bring-in development impact and promote cooperation among member states via exports
Environmental Classification and Impact:: Screened B+, medium-high E&S risk operation. The assessment concludes that the operation is not likely to generate any significant comprehensive and efficient preventive and mitigations measures, including management systems that allow addressing any potential risks and impacts in a structured and continuous basis and respond timely and adequately in cases of emergency.
Operation Leader:: General Industries, Transport, Tourism 2
E-mail:: gitt2@bstdb.org