Walkers has acted as Bermuda and Cayman Islands counsel to Star Energy Geothermal Group, on its dual-tranche Rule 144A / Reg. S offering of an aggregate US$1.1 billion senior secured green bonds listed on the Singapore Stock Exchange.
The bonds were co-issued by two subsidiaries of the Star Energy Geothermal Group, Indonesia’s largest geothermal producer, with the issuance representing the first investment grade green project bond from the private sector in Indonesia. A portion of the proceeds will be used to finance or refinance eligible green assets relating to the development, construction and operation of geothermal energy generation facilities in the Salak-Darajat contract area in West Java, Indonesia.
Star Energy Geothermal Pte. Ltd. owns and operates a geothermal power plant. The Company offers geothermal power generation and heat production services. Star Energy Geothermal serves customers in Indonesia.
Walkers’ team is led by Hong Kong partner Nicholas Davies (Picture), with the support of Benjamin Green and Sonya Saxena.
Law Firms: Walkers Global;
Clients: Star Energy Geothermal ;