Financed ProjectsTerapia SA

Identification Code:

OP/04/0460

Total Operation Cost:

45.000.000

Maturity:

72 months

Operation Status:

Description and Purpose of the Operation:

The transaction involves a medium-term corporate loan to TERAPIA SA (Romania),one of the largest Romanian manufacturer of pharmaceutical products and Terapia Holding B.V., the Holding Company of TERAPIA SA based in the Netherlands, for the financing of the investment programme of TERAPIA SA for the extension of its production facilities, modernization, maintenance and environmental protection in Romania as well as partial acquisition financing.

Countries of Operation:

Romania (100,00 %)

Financial Product:

Loans

Sector:

Health Care

Domain:

Private

Borrower/Client:

1. TERAPIA SA, the second largest Romanian manufacturer of pharmaceutical products and, 2. Terapia Holding B.V., the Holding Company of TERAPIA SA based in the Netherlands.

Co-Financiers/Participants:

The overall loan facility was provided under a syndication umbrella. Bank Austria Creditanstalt is leading the arrangement of the syndication whereas BSTDB acted as a Lead Manager.

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The operation is consistent with the Bank's main eligibility criteria specified in the Establishing Agreement (Article 2 and 13) and in the Rules and Regulations for Financing Projects and Commercial Activities (Sections 3 and 6). BSTDB participation in the Operation would: - help bring a positive social development impact; - be additional

Environmental Classification and Impact (summary):

The Project is in compliance with the BSTDB's Environmental Policy

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org