White & Case has advised Polish photovoltaic farm developer R.Power on the establishment of a green bond issuance program with a total nominal value of up to PLN 1 billion. Clifford Chance advised mBank, the sole broker on the deal.
According to White & Case, 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. According to the firm, the issued bonds meet the criteria of green bonds and will be introduced to the alternative trading system operated by the Warsaw Stock Exchange.
White & Case’s team in Warsaw included Partners Marcin Studniarek and Grzegorz Abram, Counsel Bartosz Smardzewski, and Associates Damian Lubocki, Michal Truszczynski, Pawel Zagorski, and Aleksandra Cyniak.
Clifford Chance's team included Warsaw-based Partners Milosz Golab and Grzegorz Namiotkiewicz, Senior Associate Aleksandra Rudzinska, and Associates Mateusz Ciechomski and Zuzanna Bartczak, and Amsterdam-based Partner Titus de Vries, Associate Amin Tamaddoni, and Junior Lawyer Ruben van Diepen.