Tag: Pinsent Masons

Pinsent Masons advises IFC on multimillion green and social bond issuance in Indonesia

Stuart Mitchell

Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its $500m green and social bond investment in Indonesia. The firm advised IFC on all aspects of its first-of-a-kind investment in PT Bank BTPN Tbk’s $500m issuance of five-year green and social bonds. The investment supports the environmental and social financing goals of both institutions. BTPN, a subsidiary of Japanese banking giant, SMBC, will use funds raised by the issuance to grow its sustainable portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable…

Read More

Pinsent Masons advises Carlton Power on development of £200m green hydrogen project portfolio

Stuart Mitchell

Multinational law firm Pinsent Masons has advised Carlton Power on the establishment of a joint venture with Schroders Greencoat for the development of a portfolio of green hydrogen projects in the UK. The joint venture company, Green Hydrogen Energy Company Limited (GHECO), is governed by a shareholders’ agreement between Carlton Power and Schroders Greencoat. The JV will see Carlton Power develop the projects to ready-to-build status, at which point they will transfer to GHECO, and benefit from up to £200 million of funding committed by Schroders Greencoat with an option…

Read More

Pinsent Masons wins Innovative Lawyers in Sustainability at the FT Innovative Lawyer Awards Apac 2023

Stuart Mitchell

Multinational law firm Pinsent Masons has won the Innovative Lawyers in Sustainability award at the FT Innovative Lawyer Awards Asia Pacific 2023. The firm secured the win for its role collaborating with a consortium of advisers including KPMG on Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM) as it seeks to support the phase out of coal fired power stations in South East Asia. Via the ETM programme, the retirement of coal fired power plants and the shift towards renewable energy is projected to save two gigatonnes of carbon emission…

Read More

Pinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance

Stuart Mitchell

Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance. The firm advised on IFC’s investment, alongside Dutch entrepreneurial development bank, FMO, and US-based microfinance investor, MicroVest Capital Management, in Khan Bank’s US$60 million issuance of five-year green bonds.     Khan Bank, Mongolia’s largest commercial financial institution, will use funds raised by the issuance to grow its climate portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable building and mobility. IFC’s investment supports Mongolia’s…

Read More

Pinsent Masons advises NatWest in its first sustainability linked asset-based lending facility

Stuart Mitchell

Multinational law firm Pinsent Masons has advised NatWest in its first sustainability linked asset-based lending (ABL) facility to Recycling Lives, a UK recycling and waste management business. Recycling Lives turned to NatWest for a new financing package for refinancing and working capital purposes, working with their board of investors, Three Hills Capital Partners, and EY. This facility provides liquidity for Recycling Lives growth plans while reflecting commitment to help build a greener and fairer economy.  The NatWest team structured a £40.3 million ABL facility to provide liquidity to refinance existing…

Read More