May 16, 2023 07:31 
Dentons advised a consortium of banks comprised of Banca Comerciala Romana S.A., BRD – Groupe Société Générale, and Raiffeisen Bank S.A., on the issuance and private placement by the Bucharest Municipality of bonds with a total nominal value of RON 555 million (approximately €110 million). The purpose of the bond issuance is to refinance existing debt.
Partner Loredana Chitu, Head of Dentons’ Capital Markets team in Bucharest, coordinated the transaction, assisted by Capital Markets associates Alin Roca and Mirela Rusnac, Banking and Finance counsel Maria Tomescu and senior associate Catalina Raca, Litigation senior associate Andrei Orbesteanu, and Data Protection and Employment senior associate Simona Moisa.
Loredana Chitu commented, “It is always a pleasure to work with the investment banking teams of BCR, BRD, and Raiffeisen, whom we have known for many years and who have contributed to the development of Romania's capital market. We are happy to have had the opportunity to advise them on the bond issuance by the Bucharest Municipality -- the city where we live."
