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Clifford Chance Advises on Polenergia's PLN 750 Million Green Bonds Issue

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Clifford Chance has advised dealers Bank Pekao, mBank, and Santander Bank Polska on Polenergia's PLN 750 million issue of green bonds.

Santander Bank Polska also participated as the issue agent.

Polenergia is a Polish independent power utility company.

According to Clifford Chance, "the bonds were allotted to a total of 57 investors. Most of the funds raised will be used to finance the construction of offshore wind farms in the Baltic Sea."

The Clifford Chance team included Partner Andrzej Stosio, Counsel Aleksandra Rudzinska, and Associates Krzysztof Burda and Gabriela Kobak.

Clifford Chance did not respond to our inquiry on the matter.

Editor's Note: After this article was published, DLA Piper announced that it advised Polenergia. The firm's team included Partners Jakub Domalik Plakwicz, Mariusz Hyla, and Bartlomiej Palusiak, Counsels Marek Kleczek and Aleksander Haleniuk, Senior Associate Michal Baldowski and Arkadiusz Karwala. and Junior Associates Konrad Nazarowski and Natalia Potrubacz.