New York City finance officials are mildly optimistic about recent meetings held to seek European letters of credit for future city bond deals, a city source said this week.

During Mayor David N. Dinkins's six-day trade mission to Europe, Barry F. Sullivan, deputy mayor for economic development, and Michael W. Geffrard, director of the city's Office of Public Finance, told bankers in the United Kingdom, France, and Germany that New York City's economy is on the rebound and that the city is still a good place to do business and raise a family.

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