Dentons Advises Bank Consortium on EUR 111 Million Bucharest Bond Issuance
Deal News | May 22, 2025 | CEE Legal Matters
Dentons has provided legal advisory services to a consortium of Romanian banks, including Alpha Bank Romania, Banca Comerciala Romana, BRD - Groupe Societe Generale, and Raiffeisen Bank Romania, for the issuance and private placement of municipal bonds by the Bucharest Municipality. The bonds carry a nominal value totaling RON 555.1 million, translating to approximately EUR 111 million. The team of experts from Dentons Romania involved in this transaction included Partner Loredana Chitu and Associates Robert Alin Roca and Bogdan Galatanu. Despite the outreach for comments, Dentons has not responded to inquiries regarding the transaction.
Sectors
- Legal Services
- Financial Services
- Municipal Finance
Geography
- Romania – The transaction involves Romanian financial institutions and the Bucharest Municipality, indicating a focus on the Romanian market.
Industry
- Legal Services – Dentons is a major international law firm providing legal assistance in the issuance of municipal bonds.
- Financial Services – This industry involves financial activities, as the issuance and placement of municipal bonds require banking and financial expertise.
- Municipal Finance – As the issuer of the bonds, Bucharest Municipality engages in municipal finance activities to manage public finances and raise capital.
Financials
- EUR 111 million – Total value of the municipal bonds issued by Bucharest Municipality.
- RON 555.1 million – Equivalent nominal value in Romanian currency of the municipal bonds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dentons | Legal Advisor | Company | An international law firm advising the bank consortium on municipal bond issuance. |
| Alpha Bank Romania | Bank Consortium Member | Company | A member of the bank consortium assisting in the bond issuance. |
| Banca Comerciala Romana | Bank Consortium Member | Company | Part of the consortium involved in the bond issuance. |
| BRD - Groupe Societe Generale | Bank Consortium Member | Company | Participating bank in the consortium for the bond issue. |
| Raiffeisen Bank Romania | Bank Consortium Member | Company | Involved in the bond issuance through the consortium. |
| Bucharest Municipality | Issuer | Government | The public entity issuing the municipal bonds. |
| Loredana Chitu | Partner | Person | A partner at Dentons who worked on the bond issuance. |
| Robert Alin Roca | Associate | Person | An associate at Dentons involved in the transaction. |
| Bogdan Galatanu | Associate | Person | An associate at Dentons who contributed to the legal advisory. |