WASHINGTON - KBC Bank NV of Belgium and the Washington Metropolitan Area Transit Authority reached an agreement in federal court here on Friday to dissolve a leaseback deal entered in 2002, a move that could set a precedent for more than 25 transit agencies across the country with similar deals.

Judge Rosemary M. Collyer announced the settlement on the third day of negotiations in the U.S. District Court of the District of Columbia, but as part of that agreement, neither KBC Bank nor WMATA would disclose the amount of money the bank collected to end the deal or any details of the negotiations, which lasted more than two days.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.