White & Case Advises R.Power on Establishment of Green Bond Issuance Program Worth PLN 1 Billion and Issuance of First Series of Bonds
1 min read
Global law firm White & Case LLP has advised R.Power, the largest Polish developer of photovoltaic farms, on the establishment of a green bond issuance program with the total nominal value of up to PLN 1 billion.
As part of the program, the first series of secured bearer bonds was issued with the total nominal value of PLN 150 million and a five-year maturity period based on a no-prospectus public offer addressed to qualified investors.
The issued bonds meet the criteria of green bonds in accordance with the Green Bond Principles prepared by the International Capital Market Association. This includes the allocation of funds from the issuance to finance investments with a positive impact on the environment by taking into account environmental aspects and environmental issues in their implementation, and supporting sustainable development. The bonds will be introduced to the alternative trading system operated by the Warsaw Stock Exchange.
The White & Case team in Warsaw which advised on the transaction included partners Marcin Studniarek and Grzegorz Abram, counsel Bartosz Smardzewski and associates Damian Lubocki, Michał Truszczyński, Paweł Zagórski and Aleksandra Cyniak.
For more information please speak to your local media contact.