DWF logo

Search

DWF logo

            DWF advises EEW Capital Finance PLC on €200m bond programme

            Global legal business, DWF, has advised EEW Capital Finance PLC in its capacity as Issuer on €200m Medium Term Note bond programme.

            Date: 06/09/2019

            The first 2019 series of Bonds was issued by EEW on 15 August for an amount of €25m. The Bonds are listed on the Euronext Dublin exchange with a rating of A(sf) (ind) from ARC Ratings.

            The Bonds will fund the acquisition and development of photovoltaic solar power projects owned by E.E.W. Eco Energy World Development Holdings One B.V., a member of the Eco Energy World group of companies, an international developer of utility scale solar projects, which since its inception, has delivered over 1,200 MW of solar Photovoltaic development across Europe and the Asia–Pacific region.

            Advising on the programme, DWF's Debt Capital Markets team was led by Martin Pugsley alongside Michael Byrne in from the London office, and Jen Burney in the Banking team in the Sydney office.
             
            Commenting on the transaction, Martin Pugsley, head of financial services at DWF said: "We are pleased to advise EEW Capital Finance PLC on this significant EMTN bond programme in the renewables sector, which will open up lines of funding to the Eco Energy World group to develop solar projects across multiple jurisdictions. This transaction perfectly demonstrates our global credentials and specific expertise in listed / rated asset-backed bond issues."

            Robert Ainscow, Head of Capital Markets at Zenzic, which acted as arranger to the Issuer, said: "The EEW bond is an innovative structure which enables Eco Energy World to lever its existing portfolio of developed assets to invest in its inventory and further portfolio projects, while delivering a stable and valuable security portfolio for the benefit of investors. The transaction shows again Zenzic's ability to provide capital markets access to high growth companies in the middle-market."
             

            For more information, please contact:

            Nahidur Rahman, Senior PR Manager
            Tel: +44 7851 796943
            Email: nahidur.rahman@dwf.law 

            Alternatively, contact the DWF press office on press.office@dwf.law

             

            Related people

            Martin Pugsley

            • Partner // Head of Financial Services Sector

            We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

            Learn More

            Your Privacy

            When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
            Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

            Functional cookies

            (Required)

            These cookies let you use the website and are required for the website to function as expected.

            These cookies are required

            Tracking cookies

            Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

            They may also be used to personalise your experience on our website by remembering your preferences and settings.

            Marketing cookies

            These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.