White & Case LLP has advised Citibank as Bond Trustee, Paying Agent, Registrar, Offshore Security Agent and Coordination Agent on the issuance of a US$814 million bond with a 22 year maturity by ACWA Power Management and Investments One Limited, a wholly-owned subsidiary of ACWA Power
The Firm also advised Arab National Bank in its capacity as Onshore Security Agent, holding security in the Kingdom of Saudi Arabia.
Saudi Arabia based ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 11 countries including in the Middle East and North Africa, southern Africa and South East Asia.
An international team of White & Case lawyers together with White & Case’s association firm in Riyadh, The Law Firm of AlSalloum and AlToaimi, advised on all aspects of the transaction. The team was led by counsel Claudio Medeossi (Picture) and associate Greg Pospodinis (Dubai), with support from association partner Zeyad Al Salloum (Riyadh).
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