fac-032 · Trade finance

Bucur Market SRL

Facility

Trade finance

Currency: EUR
Commitment: €20.1m
Drawn: €15m
Undrawn: €5.1m
EAD: €16m
CCF: 20%
Margin: 475 bps
Maturity: 25 February 2028
Tenor: 22 months

Covenant monitoring

1 breached, 0 within 10% of the threshold

Net lev.

Direction: Maximum Threshold: 3.99 Current: 4.53 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Inventory

EUR

€24.5m

45%

€13.4m

7 Nov 2025

Independent appraisal

Receivables

EUR

€19.2m

35%

€12.5m

26 Jan 2026

Independent appraisal

Total

€25.9m

Tenor

22 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€20.1m

€15m

€5.1m

n/a

75%

2026-Q2

€20.1m

€15m

€5.1m

€0

75%

2026-Q3

€20.1m

€15m

€5.1m

€0

75%

2026-Q4

€20.1m

€15m

€5.1m

€0

75%

2027-Q1

€20.1m

€15m

€5.1m

€0

75%

2027-Q2

€20.1m

€15m

€5.1m

€0

75%

2027-Q4

€20.1m

€15m

€5.1m

€0

75%

2028-Q1

€0

-€15m