Binder Groesswang has advised Austrian electricity provider Verbund AG, on the issuance of a green bonded loan. The transaction was arranged by German bank Helaba Landesbank Hessen-Thuringen, and with a term of ten years, Verbund AG expects a volume of EUR 100 million.
According to Binder Grosswang, this is the first green digital bonded loan issuance in the world made via the fully-integrated VC Trade issuing platform, which uses "state-of-the-art technology to modernize all aspects of bond origination by condensing the issuing process, which until now has been highly fragmented and characterized by manual intervention."
The Binder Groesswang team included Partner Emanuel Welten and Associates Adrian Zuschmann and Markus Stelzl.
CHSH did not reply to an inquiry about counsel for Helaba Landesbank Hessen-Thuringen.