Dexia Credit Local has a long and successful history in the U.S. Public Finance marketplace. This approach is designed to meet issuer specific financing needs and maximize efficiencies in overall cost structure through a complete range of both traditional as well as tailor-made product offerings. In addition, alternative debt management solutions capitalize on expertise developed among many business disciplines and across business lines, all dedicated to Public Finance. These products generate issuer savings through structured transactions, offer unique refunding opportunities, and allow issuers access to debt financings that may otherwise be restricted in a traditional capital markets approach. Dexia is active in almost all sectors of the market with a credit appetite for low risk traditional sectors and higher risk profiles when properly structured.

• Letter of Credit and Liquidity - Public Finance clients have access to highly rated traditional product offerings such as liquidity facilities and letters of credit that result in lower financing costs and interest savings over the life of the transaction.
• Derivatives Discipline - As a highly rated counterparty, Dexia Credit Local offers a full range of derivative products that assist in better managing and hedging an issuer’s interest rate and other capital market risks.
• Tax-Exempt Funding - Dexia maintains an active book in Tender Option Bond programs which provides access to tax-exempt funding for tax-exempt eligible investments.
• Taxable Bonds – Dexia maintains an active position in the Taxable Municipal Bond market offering cost efficient financing solutions adapted to municipalities with the unique ability to invest in long term securities (30 year maturity or more)

Financial Strength - Dexia brings to the U.S. market an exceptionally strong capital base and balance sheet. And as a result, Dexia is strategically positioned to leverage this into direct purchases of bonds, the extension of funded loans, and revolving credit agreements on both a tax-exempt and taxable basis.