Loan to Bucharest Municipality
Sector: Government • Location: Romania
Source: European Bank for Reconstruction and Development (EBRD)
Provision of a loan in the amount of RON 555 million (circa EUR 115 million) to the City of Bucharest that will support Romania's capital to fully repay five-year bonds maturing on 4 May 2020, as part of the Bonds Programme launched by the City in 2015. The project was originally designed to be financed with ten-year municipal bonds, in which the Bank would have invested in up to 20%. In the wake
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | complete |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Provision of a loan in the amount of RON 555 million (circa EUR 115 million) to the City of Bucharest that will support Romania's capital to fully repay five-year bonds maturing on 4 May 2020, as part of the Bonds Programme launched by the City in 2015. The project was originally designed to be financed with ten-year municipal bonds, in which the Bank would have invested in up to 20%. In the wake of Covid-19 crisis, the Bank agreed with the City to convert its financing into a loan as market conditions were no longer conducive to a bond. The City remains firmly committed to its Bond Programme. The Bank's loan has a tenor of up to three years and a bullet repayment, allowing Bucharest to return to the capital markets once conditions improve. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |