A multijurisdictional team of lawyers coordinated by Mădălina Rachieru-Postolache, Partner Clifford Chance Badea, advised NEPI Rockcastle in connection with its latest green bonds issue, worth EUR 500 million.
The bond issue, oversubscribed more than six times, marks NEPI Rockcastle’s return to the Eurobond market after more than two years and adds to a significant green financing track record in Clifford Chance Badea’s portfolio. At the same time, the transaction continues a long collaborative relationship between the law firm and the leading real estate developer and investment group in Central and Eastern Europe.
The core legal team coordinated by Mădălina Rachieru-Postolache included Gabriel Toma (Senior Associate) and Martha Busuiocescu (lawyer) from the Bucharest office, Paul Deakins (Partner) and Ayan Koshal (Senior Associate) from the London office, and Tineke Kothe (Senior Counsel), Dewi Walian (Counsel) and Marte Schaaf (Associate) from Amsterdam.
Partner Mădălina Rachieru-Postolache and coordinator of the Bucharest Capital Markets practice says: “This transaction’s success reflects the professionalism and experience of the entire project team, which proved its maximum performance in a multijurisdictional working context and a very busy schedule. Investors’ enthusiasm also confirms their confidence in NEPI Rockcastle and the market’s interest in sustainable financing projects. I especially want to thank the NEPI Rockcastle team, alongside which we have worked in many important projects, for their trust, and also to the other parties involved, as their professionalism has helped to successfully finalise the transaction, within a very short timeframe.”
Among others, Clifford Chance Badea advised NE Property B.V. in the implementation of the EUR 1.5 billion Guaranteed Euro Medium Term Programme guaranteed by NEPI Rockcastle plc, as well as in the launching of the EUR 500 million bonds issue under the programme. Later on, the legal team advised NEPI Rockcastle in connection with the update of the multi-year bond programme with a total cap of EUR 4 billion.
