Filip & Company has advised Banca Comerciala Romana, BNP Paribas, Citigroup Global Markets Europe, ING Bank, J.P. Morgan, Raiffeisen Bank International, BT Capital Partners, Intesa Sanpaolo, Societe Generale, and UniCredit Bank on the EUR 500 million green bond issuance by Societatea Energetica Electrica. Clifford Chance advised Electrica.
According to Filip & Company, the unsecured bonds with a five-year maturity were issued at a 4.566% price (MS + 230 bps) and are intended to finance or refinance green projects under Electrica’s Green Financing Framework.
In 2021, Filip & Company advised on RON 750 million facility for Electrica (as reported by CEE Legal Matters on November 16, 2021).
The Filip & Company team included Managing Partner Alexandru Birsan, Partner Olga Nita, and Associates Bianca Gheorghe and Raluca Bita.
The Clifford Chance team included Bucharest-based Partner Madalina Rachieru-Postolache, Counsel Gabriel Toma, Senior Associate Nicolae Grasu, and Associates Martha Busuiocescu and Cosmin Mitrica as well as more team members in London.
