Dentons advises the brokerage consortium in a bond issuance by the Bucharest City Hall and listing on the Bucharest Stock Exchange

Dentons assisted BRD – Groupe Société Générale and Raiffeisen Bank Romania acting as underwriters in the private placement of the municipal bond issue with a total nominal value of RON 555 million (approximately EUR 110 million) meant to refinance existing bonds maturing on May 4, 2022.

Partner Loredana Chitu, Head of Dentons’ Capital Markets team in Bucharest, coordinated the transaction, assisted by Stefi Ionescu(senior associate) and Alin Roca (associate).

Loredana Chitu commented, “I was privileged to have been part of yet another landmark transaction and to witness how the professionalism and dedication of these two banks, together with the impressive efforts of the issuer’s team, have led to a very successful closing under complex conditions, in a very tight timeline and by setting several legal firsts. Dentons continues to be mandated on high profile and high value equity and debt capital markets transactions, showing the capabilities and resources of our Bucharest practice to deliver complex advice and assist impactful capital markets projects.”

Managing Partner, Perry V Zizzi, mentioned “It is a crucial bond issuance by the Bucharest Municipality that calms investors and demonstrates the resilience of Romania's debt capital markets.”

This transaction emphasizes Dentons’ continuous dedication to support the development of the Romanian capital markets. 

October 19, 2022 12:35
Companies in Romania lose impressive amounts of money every year because of fr...more »
July 15, 2022 10:19
Meta Estate Trust, a holding company operating in the real estate sector, with...more »
 
May 31, 2022 16:54
Smart ID Dynamics, an independent leading company in the industrial automation...more »
April 04, 2022 16:25
Dentons assisted a consortium of four domestic and international banks —Raif...more »
Govnet Next Events