Singapore – Mayer Brown has advised the Asian Infrastructure Investment Bank (AIIB) on the signing of a US$100 million plus on-lending facility with Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) to promote sustainable development and support climate mitigation efforts in Vietnam.
The on-lending facility will allow VPBank to expand support for green and climate-focused activities, in particular, decarbonization of transport through electric vehicle (EV) financing. The facility will also enable more climate financings, climate-resilient investments and sustainable infrastructure, such as renewable energy installations, logistics and warehousing, and green building initiatives.
Ben Thompson, head of Projects & Infrastructure (Asia), commented: “It has been a pleasure to advise AIIB again, this time on a meaningful transaction which is a testament to AIIB and VPBank’s shared vision in supporting Vietnam towards its goal for a greener future. We’re proud to work with AIIB as it continues to invest in infrastructure that fosters sustainable economic development in the region.”
The Mayer Brown Projects & Infrastructure team was led by partner Ben Thompson with support from associate Anna Yin.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
