Greenberg Traurig has advised Cyfrowy Polsat on the issuance of Series C green bonds with an aggregate nominal value of PLN 1 billion. The joint offering agents to the green bonds were Trigon Dom Maklerski S.A., Erste Securities Polska S.A., and Erste Group Bank AG and the joint arrangers of the issuance were Trigon Dom Maklerski S.A., Trigon Investment Banking, Erste Securities Polska S.A., Erste Group Bank AG, Santander Bank Polska S.A., and BNP Paribas Bank Polska S.A.
Grupa Polsat is a Polish media and telecommunications group with 5.7 million customers. It offers access to telecommunications, pay digital TV, and the Internet.
According to Greenberg Traurig, “the transaction marks the first issue of green bonds on the Polish market conducted by a non-financial entity outside of the public sector, in line with the Green Bond Framework and positively verified for compliance with the Green Bonds Principles 2018 by an independent expert (Second Party Opinion). The proceeds from the issue will be used to refinance pro-environmental projects, improve the energy efficiency of Grupa Polsat, and reduce the carbon footprint associated with the electronic devices manufactured by Cyfrowy Polsat. The bonds were issued through a public offering addressed solely to qualified investors, which did not require a prospectus to be prepared. The company introduced the bonds, expected to be listed in February, to the Alternative Trading System operated by the Warsaw Stock Exchange within the framework of the Catalyst.”
Greenberg Traurig’s team included Local Partners Karolina Dunin-Wilczynska and Daniel Kaczorowski, Partners Aleksander Janiszewski and Andrzej Wysokinski, Senior Associate Marek Kleczek, and Associates Maja Gawrysiuk and Grzegorz Socha.