Contact Members Join
AmCham Romania
Members only
Home |Privacy policy
News from Members Dentons advises the banks on the Bucharest Municipality’s RON 555 million bond issuance

Dentons advises the banks on the Bucharest Municipality’s RON 555 million bond issuance

by Dentons May 15, 2023


Bucharest, May 15, 2023 – Dentons, the world’s largest global law firm, 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."

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

A Dentons team spanning multiple jurisdictions is currently advising on the upcoming IPO of Hidroelectrica, which is expected to be the largest IPO in Romania's history and one of the biggest in Central and Eastern Europe this year.

Dentons’ Bucharest office also recently advised CEC Bank on the establishment of its €600 million Euro Medium Term Note Programme, as well as the first two issuances under the framework.




About Dentons

Dentons is designed to be different. As the world's largest global law firm with 21,000 professionals in over 200 locations in more than 80 countries, we can help you grow, protect, operate and finance your business. Our polycentric and purpose-driven approach, together with our commitment to inclusion, diversity, equity and ESG, ensures we challenge the status quo to stay focused on what matters most to you.


More from News from Members

Previous Next