Guarantee of France, Belgium and Luxemburg for Dexia Group

The European Commission has approved the temporary guarantee agreement granted by the Belgian, French and Luxembourg States to Dexia SA and Dexia Crédit Local. The agreement is effective as of December 22nd 2011 and will enable the Dexia Group to raise guaranteed funding on the market from that date until May 31st 2012 with a maximum maturity of 3 years. The maximum volume for the issued debt instruments amounts to 45 billion EUR. It is planned to replace this guarantee at the end of its contract period by another guarantee of these States totalling 90 billion EUR. The corresponding press release of Dexia Group can be downloaded under the following link: Guarantee for Dexia Group.

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