The loan has a maturity of 36 months and the company estimates its cost will reach RON3.6 million.
CFR Calatori expects banks to submit offers until May 5.
The credit line will be split in four tranches, namely, the first one with a value of RON5.5 million, the second one with a value of RON5 million and the next two with values of RON4.5 million and RON4 million, respectively. Banks may submit offers for each tranche or they may form a syndicate.
The lowest price contract will be assigned to the lowest bidder.
Candidates fulfilling the qualification criteria will be summoned for negotiations and the lowest price represents the selection criterion.