Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 05-03-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | Sovcombank - Domestic Green Project Bonds due 2031 | Industry: | Alternative Energy |
| Description: |
Linklaters advised Sovcombank as arranger on the RUB 5.7bn domestic green project bonds issued by an orphan SPV (SFO RuSol 1 LLC) for the purpose of financing two solar stations of Solar Systems in the Astrakhan region. The bonds were secured by the pledge of receivables under the on-loans from the Issuer to the project companies which in turn were secured by DPM power supply contracts, shares and assets of these stations and related corporate rights agreement. Senior bonds were rated A+(RU) by AKRA, mezzanine bonds were rated AKRA BBB+(RU) and junior tranche was unrated.
The placement of the bonds took place on 10 February 2020.
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| Financial Center: | Moscow | Value: | 0.00-0.00 |
| Advised Party: | Bookrunner:,Lead Manager | Law Firm | Linklaters |
| Issuer | Russian Federation | Issuer 2 | Russian Federation |
| Classification: |
Green Bonds and Loans Green BondsProject Bonds Solar: |
Lawyer | Andrei Murygin |
