press release
21/12/2007

DEXIA SABADELL raises the funds to finance 106 trains for the Madrid Metro

Having achieved in 2006 the biggest urban underground railway financing operation ever undertaken in Spain (€1.2 billion) DEXIA SABADELL raises the funds to finance 106 trains for the Madrid Metro .
Caja Madrid, Société Générale and the ICO complete the group of banks participating in this operation.
 
DEXIA SABADELL will, together with Caja Madrid, Société Générale and the ICO, be providing the funds to finance the construction of 106 trains to be run on the railway network of Madrid and its Region.
 
This rapidly expanding network is today the 4th largest in the world, just ahead of the Paris metro.
 
The investment of 450 million EUR will be undertaken by a special purpose vehicle company in whose capital the banks will each take a share.
 
The 15-year operating lease (with a purchase option at the end) on the 106 trains financed in this way will be awarded to METRO de MADRID, SA.
 
DEXIA SABADELL thus consolidates its position among the leaders in the funding of infrastructure in Spain.
 
DEXIA SABADELL is the Spanish subsidiary (40% owned by Banco Sabadell) of the Dexia Group, world leader in financial services to the public sector, and in the financing of infrastructure through public/private or project models.
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Contacts
Dexia Sabadell : José Luis Castillo + 34 91 721 33 57