SvWP structured DEM 76,763,157 financing on a 5-year tenor. This was the first financing arranged for a Romanian company from external funds without the guarantee of the Ministry of Finance. The credit facility was used to purchase industrial equipment for the steel mill of heavy rail track as a result of a growing demand from the CFR (the national railway system).
The promissory notes issued by the client have been guaranteed by two of the most important Romanian banks at that time - Bancorex and BCR. SvWP further traded the notes on the London financial market, introducing thus the Romanian risk to the international markets.
This project reinforced SvWP’s professional expertise in the corporate financing sector in a time when this sector was only at the beginning stage in Romania. The most important result of the proposed financing structure was that the client was able to receive the necessary funds in a shorter time that any other methods of financing, because of the documentation required in this procedure (not so demanding opposite to other financing procedures) and the implementation period (shorter than others methods).