Bucharest City Hall has borrowed 2.2 billion RON through a bond issue listed on the Bucharest Stock Exchange in the largest bond issue ever in Romania started by a municipality. The financing consortium was lead as market maker by Raiffeisen Bank while BT Securities brokerage house was also involved in the sale. Nestor Nestor Kingston Petersen Diculescu (NNDKP) represented the Bucharest City Hall while the consortium Raiffeisen Bank Romania - BT Securities was assisted by the law firm Schoenherr. The bonds have maturity periods of 3, 5, 7 and 10 years, with 550 million lei (125 million euros) for each maturity stage. The purpose of the loan is to refinance the previously issued bonds worth 500 million euros, which reached maturity in June 2015.