DTEK Renewables Finance B.V.’s EUR 325 Million Green Bond Offering

Linklaters advised Raiffeisen Bank International and Renaissance Capital on the issuance of EUR 325 million 8.5% senior notes due 2024 by DTEK Renewables Finance B.V., a finance subsidiary of DTEK Renewables B.V.

This offering was the first ever green bond issued by a Ukraine-based corporate, and only a second green bond in the broader region. DTEK Renewables will use the proceeds to continue promoting the development of green projects by financing projects that are aimed at increasing the production, connection and distribution of renewable energy and related infrastructure as well as financing and/or refinancing its existing wind power and solar power projects.

DTEK is a strategic holding company that develops business streams in the energy sector.

The Linklaters team was led by partners Richard O’Callaghan (Picture) and Cecil Quillen, counsel Manoj Tulsiani and senior US associate Yaroslav Alekseyev.

Involved fees earner: Yaroslav Alekseyev – Linklaters; Richard O’Callaghan – Linklaters; Cecil Quillen – Linklaters; Manoj Tulsiani – Linklaters;

Law Firms: Linklaters;

Clients: DTEK Renewables Finance B.V.;

Author: Michael Patrini.