DWF’s Debt Capital Markets team has advised Neutral Capital Finance PLC in its capacity as issuer of a green US$50m medium term note Eurobond programme.
The first 2019 series of Bonds for an amount of US$12m was issued by Neutral Capital Finance plc on 12 April 2019. The programme is listed on the Frankfurt exchange with a rating of A-(sf) (ind) from ARC Ratings.
The Bonds will fund Neutral Fuels LLC’s expansion plans in the UAE and other appropriate jurisdictions in the Middle East, Asia and Africa and to build and operate a number of modular-based biodiesel production plants. Neutral Fuels converts waste cooking oils and fats into European standard EN14214 compliant biofuel.
The DWF team was led by partner, Martin Pugsley (Picture), alongside Michael Byrne, Sophie Morris, Laurie Clay and Ade Olunowo in the London office and Umera Ali and Katrina Mackay in the Banking team from our Dubai office.
Law Firms: DWF;
Clients: Neutral Capital Finance PLC;