Wed, Aug
65 New Articles

Greenberg Traurig Advises Cyfrowy Polsat on First Corporate Green Bonds Issue in Poland

Greenberg Traurig Advises Cyfrowy Polsat on First Corporate Green Bonds Issue in Poland

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Greenberg Traurig has advised Cyfrowy Polsat on the issuance of Series C green bonds with an aggregate nominal value of PLN 1 billion. The joint offering agents to the green bonds were Trigon Dom Maklerski S.A., Erste Securities Polska S.A., and Erste Group Bank AG and the joint arrangers of the issuance were Trigon Dom Maklerski S.A., Trigon Investment Banking, Erste Securities Polska S.A., Erste Group Bank AG, Santander Bank Polska S.A., and BNP Paribas Bank Polska S.A.

Grupa Polsat is a Polish media and telecommunications group with 5.7 million customers. It offers access to telecommunications, pay digital TV, and the Internet.

According to Greenberg Traurig, “the transaction marks the first issue of green bonds on the Polish market conducted by a non-financial entity outside of the public sector, in line with the Green Bond Framework and positively verified for compliance with the Green Bonds Principles 2018 by an independent expert (Second Party Opinion). The proceeds from the issue will be used to refinance pro-environmental projects, improve the energy efficiency of Grupa Polsat, and reduce the carbon footprint associated with the electronic devices manufactured by Cyfrowy Polsat. The bonds were issued through a public offering addressed solely to qualified investors, which did not require a prospectus to be prepared. The company introduced the bonds, expected to be listed in February, to the Alternative Trading System operated by the Warsaw Stock Exchange within the framework of the Catalyst.”

Greenberg Traurig’s team included Local Partners Karolina Dunin-Wilczynska and Daniel Kaczorowski, Partners Aleksander Janiszewski and Andrzej Wysokinski, Senior Associate Marek Kleczek, and Associates Maja Gawrysiuk and Grzegorz Socha.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue