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EUR 11,000,000
EUR 2,400,000 - 3 year - commercial credit facility/EUR 8,600,000 - 5 year - export credit facility with ECA cover
Financier: HVB Bank Romania SA/HYPO Vereinsbank AG/ING Bank NV/Arranger: Schnecker van Wyk & Pearson
Industry: Medical equipment/Country: Romania

Within the frame of preparing Romania for the EU membership, one of the main goals of the Romanian Government was the improvement of the social services. In order to accomplish this mission, the acquisition of medical diagnostic equipment was a must. SvWP has structured a financing of EUR 11,000,000 for the acquisition of high technology medical diagnostic equipment for the Ministry of Health and Ministry of Transports, as follows: - EUR 8.6 million for the import of medical equipment from Germany, France and Netherlands for the ministry of Health. The financing was structured as follows: 85% portion - as a 5-year loan granted by HypoVereinsbank Munich and HypoVereinsbank Paris based on HERMES and COFACE export insurance cover and 15% portion – as a 3-year loan granted by Bank Austria Creditanstalt Vienna.
- EUR 2.6 million for the import of medical equipment from France and Netherlands for the miniustry of Transports. The financing was structured as follows: 85% portion - as a 5-year loan granted by ING Amsterdam based on NCM export insurance cover and 15% portion – as a 3-year supplier’s credit granted by Petlon (the import integrator).

 
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