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Bondoc si Asociatii Advises Restart Energy on Convertible Green Bonds Issuance

Bondoc si Asociatii Advises Restart Energy on Convertible Green Bonds Issuance

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Bondoc si Asociatii has advised Restart Energy on its issuance of 163,612 green bonds convertible into shares and their admission to trading on the Bucharest Stock Exchange’s Multilateral Trading System. Romania-based brokerage company Goldring acted as an intermediary on the transaction.

According to the Bucharest Stock Exchange, the bonds have a nominal value of RON 100/bond, a 5-year maturity, and an interest rate of 9%, payable half-annually. Furthermore, the bonds will become convertible starting from 2024 and can be bought back starting with the third year of the bond issue.

According to Bondoc si Asociatii, as a result of the issuance, Restart Energy received more than RON 16 million. According to the firm, the funds will be used for the development and acquisition of renewable energy production assets.

Restart Energy is a supplier of electricity and natural gas that is based in Timisoara, Romania.

Previously, Bondoc si Asociatii advised Restart Energy on its entrance into an agreement with Interlink Capital Strategies for the development of green energy projects (as reported by CEE Legal Matters on January 19, 2021). 

Bondoc si Asociatii’s team included Partners Simona Petrisor, Diana Ispas, and Monica Iancu.

Bondoc si Asociatii at a Glance

Bondoc și Asociații SCA is a leading Romanian law firm advising private corporations, public entities and lending institutions in the development of significant and increasingly integrated projects in a wide range of practice areas, including corporate and commercial law, M&A, banking & finance (including also structural funds and state aid), energy, capital markets, competition law, labor, real estate, IT&C, regulatory and compliance. Its lawyers are specialized in providing integrated advice on virtually every legal aspect associated with complex cross-border transactions, as well as domestic projects.

We have the experience and necessary resources to advise private corporations, public entities and financial institutions in their cross-border expansion, in the development of significant and increasingly integrated projects.

In terms of M&A transactional work, our team has been involved in many significant transactions covering a broad range of industries.

We are one of the few firms capable of assisting in a professional manner on virtually any type of M&A project in any industry in Romania and of any size, including with respect to highly regulated sectors or in connection with public authorities.

We have very strong departments in all support areas needed for such transactions, including without limitation competition, commercial law, real estate, labor law, banking &finance, energy, environment, and other regulatory.

Key Information:

  • 9 partners;
  • 40 lawyers, most of whom have also studied abroad;
  • Covering the full range of legal services;
  • Having worked on many of the largest and most complex projects in the Romanian market in the past 3 years;
  • One of the very few Romanian law firms growing in the market;
  • Highly recommended by international directories in 11 areas of law.

We offer:

  • Integrity;
  • A Client-oriented approach;
  • Top quality services, including in highly regulated sectors;
  • A size allowing for the coverage of several large projects at the same time;
  • Very strong experience in both domestic and international complex projects, including in highly regulated sectors;
  • A holistic approach.

Expertise:

Our lawyers have wide experience in dealing with complex and sophisticated legal matters.

  1. Banking & Finance
  2. Capital Markets
  3. Commercial
  4. Competition
  5. Corporate / Mergers & Acquisitions
  6. Data Protection
  7. Employment
  8. Energy & Natural Resources
  9. Environment & Regulatory
  10. Healthcare/Pharma & Medical Services
  11. Insurance and Private Pensions
  12. Intellectual Property
  13. IT/Technology & Communications
  14. Litigation & Arbitration
  15. Media, Entertainment & Advertising
  16. Public Procurement & PPP
  17. Real Estate& Constructions
  18. Restructuring & Liquidation
  19. State Aid & European Structural Funds
  20. White Collar / Investigations & Compliance

For further information about Bondoc si Asociatii Law Firm, please visit our website at bondoc-asociatii.ro.