Hanwha Q CELLS Malaysia’s ASEAN Guaranteed Green Bonds Offer

Simmons & Simmons has advised Credit Guarantee and Investment Facility on the matter.

The bonds were offered by Hanwha Q CELLS Malaysia Sdn. Bhd, the Malaysian subsidiary of Hanwha Q CELLS. Hanwha Q CELLS is a renowned total energy solutions provider and one of the world’s leading producers of solar cells and modules, and it is a member of the Korean multinational conglomerate, Hanwha Group.

Credit Guarantee and Investment Facility (CGIF), a multilateral facility established by the governments of China, Japan, Korea and ASEAN members as well as the Asian Development Bank, acted as the guarantor for the ASEAN Green Bonds.

The green certification and ESG components of the issuance were provided by Sustainalytics, a global ESG research and rating provider, and the green bonds have an “AAA(fg)” rating from RAM Rating Services Berhad.

The Simmons & Simmons team was led by partner Jay Lee (Picture).


Involved fees earner: Jay Lee – Simmons & Simmons;

Law Firms: Simmons & Simmons;

Clients: Credit Guarantee and Investment Facility;

Author: Sonia Carcano