Freshfields advises on Asia-Pacific’s first climate bond

by Steve Randall03 Mar 2016
Freshfields advises on Asia-Pacific’s first climate bond
Freshfields Bruckhaus Deringer has advised on a landmark US$225 million issuance from the Asian Development Bank. The project bond, which has been certified by the Climate Bonds Initiative, is the first of its kind in the Asia-Pacific region and the first ever ‘climate bond’ issued for a single project in an emerging market.
Freshfields advised the ADB in its capacity as guarantor and lender but also advised Credit Guaranty and Investment Facility as the second-loss cover provider and Bank of Philippines as arranger, intercreditor agent and initial noteholder.
The Freshfields team was led by partners Don Stokes and Mark Plenderleith.
 
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