Romanian Post Office Seeks RON100M Credit
Romanian state-owned post office CNPR will hold an auction in February for a three-year credit line worth 100 million lei (EUR23.3 million) to finance working capital needs.
The company expects the loan repayment to entail a cost of RON24.5 million.
Bidders are to file an attendance guarantee of RON367,000, added with a good performance guarantee worth 10% of the contract value. The loan will be repaid from the company’s own resources.
In June 2011, CNPR took out a RON40 million credit line from BCR, to fund working capital. The contract value is RON2.1 million, and the timeframe is 12 months.
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