Dexia Kommunalkredit Bank announces public financing offensive in Romania
16.06.2005, 10:04
VIENNA June 16 (PROTEXT/ots) - Dexia Kommunalkredit Bank andDexia Capital Markets have launched a major public financeoffensive in Romania, emerging as co-managers of the first evermajor international issue by a Romanian local governmentauthority.
The deal involves an international bond issue for EUR 500million (10 years duration) launched by the City of Bucharest.The Dexia Group, as co-managers, contribute EUR 70 million to thedeal. The funds are earmarked for infrastructure projects in theRomanian capital.
Dexia Kommunalkredit Bank, the arm of the group in Centraland Eastern Europe, is currently opening a business office inBucharest and will continue to pursue its interests in supportingpublic financing projects.
Reinhard Platzer, CEO of Dexia Kommunalkredit Bank, says thatthe bank intends to be a leading player in the field of publicfinance in Central and Eastern Europe within five yearsFor further information contact:Kommunalkredit Austria AGCornelia Schragl-Kellermayer (+43 (0)1/31 6 31/532)mailto:c.schragl@kommunalkredit.at
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