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Bondoc si Asociatii Advises Restart Energy on Convertible Green Bonds Issuance

Bondoc si Asociatii Advises Restart Energy on Convertible Green Bonds Issuance

Romania
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Bondoc si Asociatii has advised Restart Energy on its issuance of 163,612 green bonds convertible into shares and their admission to trading on the Bucharest Stock Exchange’s Multilateral Trading System. Romania-based brokerage company Goldring acted as an intermediary on the transaction.

According to the Bucharest Stock Exchange, the bonds have a nominal value of RON 100/bond, a 5-year maturity, and an interest rate of 9%, payable half-annually. Furthermore, the bonds will become convertible starting from 2024 and can be bought back starting with the third year of the bond issue.

According to Bondoc si Asociatii, as a result of the issuance, Restart Energy received more than RON 16 million. According to the firm, the funds will be used for the development and acquisition of renewable energy production assets.

Restart Energy is a supplier of electricity and natural gas that is based in Timisoara, Romania.

Previously, Bondoc si Asociatii advised Restart Energy on its entrance into an agreement with Interlink Capital Strategies for the development of green energy projects (as reported by CEE Legal Matters on January 19, 2021). 

Bondoc si Asociatii’s team included Partners Simona Petrisor, Diana Ispas, and Monica Iancu.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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