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-BCR, CEC, Credit Suisse lend EUR200m to RCS&RDS.

BANKING AND CREDIT NEWS-December 1, 2011--BCR, CEC, Credit Suisse lend EUR200m to RCS&RDS(C)2011 M2 COMMUNICATIONS

1 December 2011 - Swiss lender Credit Suisse (VTX:CSGN) and Romanian banks BCR and CEC have provided local telecommunications group RCS&RDS with a loan of EUR200m (USD269m), according to a report by Bucharest-based media on Wednesday.

Credit Suisse has lent EUR75m, BCR has provided EUR100m and CEC has secured a further EUR25m, according to daily Ziarul Financiar.

The daily quoted sources from the financial market that were not identified.

The telecommunications company has been in talks for a EUR300m loan for several months, according to Ziarul Financiar.

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Publication:M2 Banking & Credit News (BCN)
Date:Dec 1, 2011
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