Wed, Sep
25 New Articles

Clifford Chance and Allen & Overy Advise on Tauron Hybrid Bonds

Clifford Chance and Allen & Overy Advise on Tauron Hybrid Bonds


Clifford Chance has advised the European Investment Bank on the issue of hybrid bonds by Tauron Polska Energia S.A., with an aggregate nominal value of PLN 750 million. Allen & Overy advised Tauron on the deal.

Tauron executed financing documentation with the EIB, on the basis of which it issued the so-called hybrid bonds.

This is yet another hybrid financing obtained by Tauron with the EIB following an issue with a nominal value of EUR 190 million (as reported by CEE Legal Matters on December 19, 2016).

According to CC, the popularity of hybrid financing — a mid-way solution between typical debt financing and issue of shares on financial markets — has grown over the years.

Clifford Chance's team was led by Warsaw-based Partner Grzegorz Namiotkiewicz and included Senior Associate Pawel Zagorski. The team was supported by Luxmebourg-based Partner Steve Jacoby, Counsel Stefianie Ferring, Senior Associate Eimear O'Dwyer, and Associate Tiziana Olivetti.

The Allen & Overy team consisted of Warsaw-based Partner Piotr Lesinski and Associate Michal Truszczynski.

Poland Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/


Our Latest Issue