Pbb Deutsche Pfandbriefbank has provided a €50 mln loan to the Department of Bouches-du-Rhône in France to finance the construction and renovation of schools and to develop road infrastructure.
Pbb Deutsche Pfandbriefbank has provided a €50 mln loan to the Department of Bouches-du-Rhône in France to finance the construction and renovation of schools and to develop road infrastructure.
The transaction closed in December 2012.
Located in the south of France in the region Provence-Alpes-Côte d'Azur, the Departement Bouches-du-Rhône is the third most populous French department
with nearly two million inhabitants.
Jean Christophe, global head of public investment origination of pbb Deutsche Pfandbriefbank, commented: ‘Pbb is delighted to have been able to support this leading French local authority in financing its major investments, especially in the education sector which is a major part of our activities in Europe.’
