DexMA to issue again in 2013 after sale
Dexia Municipal Agency, the French local authority funding entity, told EuroWeek that it will return to the Obligations Foncières market in 2013 after its sale to a consortium of the French government, Caisse des Dépôts (CDC) and La Banque Postale (LBP).
The sale is still subject to European Commission approval but its parent, the troubled Franco-Belgian issuer Dexia, has now fully complied with EC requirements to offload subsidiaries, after the sale of its Luxembourg unit, following earlier disposals of its Turkish and RBC Dexia businesses.
Dexia sold Banque Internationale
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