Simmons & Simmons advises UniCredit Bank AG on Slovenia’s first ever green bond issue by SID Bank

18 Dec 2018

This is the first ever green bond to be issued in Slovenia. The proceeds of the offering will be used to fund eligible projects pursuant to the Green Bond Framework created by SID Bank in accordance with the ICMA Green Bond Principles 2018.

SID Bank supports preserving the environment and energy efficiency, with the particular aim to provide funding for supporting actions to protect the environment, ensure proper waste management, proper consumption of natural resources, increasing investments in environment protection infrastructures, encouraging the use of renewable energy sources and encouraging efficient energy use.

The Green Bonds will be listed on the Third Market of the Vienna Stock Exchange.

SID Bank’s Green Bond Framework was reviewed by research firm Sustainalytics.

Commenting on the transaction, capital markets partner, Piers Summerfield said: “We are very pleased to advise on this debut issuance of Green Bonds by SID Bank and to contribute to their environmental goals.”

The Simmons & Simmons team was led by capital markets partners Piers Summerfield and Felix Biedermann and included managing associate Leon Yap and associate Victoria So.

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