A team of Clifford Chance lawyers from the Bucharest, London and Amsterdam offices, coordinated by Partner Mădălina Rachieru-Postolache, has advised NEPI Rockcastle in its most recent green bonds issues worth EUR 500 million, that was 8 times oversubscribed by more than 200 institutional investors.
The green bonds will be listed on the Euronext Dublin Stock Exchange. The deal was arranged by Citibank, Deutsche Bank, Erste Group, HSBC and ING as Joint Lead Managers.
The Clifford Chance legal team included Mădălina Rachieru-Postolache (Partner), Gabriel Toma (Counsel) and Martha Busuiocescu (Associate) from the Bucharest Clifford Chance office, Matt Fairclough (Partner) and Halim Uddin (Senior Associate) – Clifford Chance London, and Jurgen van der Meer (Partner), Dewi Walian (Counsel) and Marte Schaaf (Associate) – Clifford Chance Amsterdam.
The law firm advised NEPI Rockcastle throughout the entire project, starting with the drafting of a supplement to the base prospectus from May 2025, reviewing and negotiating contracts, communicating with all parties involved, advising in connection with regulatory authorities, and launching a buy-back offer for outstanding NEPI Rockcastle bonds, in parallel with the launch of a new issue.
Partner Mădălina Rachieru-Postolache said: “We congratulate the NEPI Rockcastle team for this resounding capital market success, which validates their vision of sustainable growth and confirms the sustained interest in green financing transactions. Clifford Chance has a strong track record in this area, and we are honoured to bring our global legal expertise and in-depth understanding of commercial realities on the ground to support our partners on strategically important projects.”
A year ago, a multijurisdictional Clifford Chance team of lawyers coordinated by the Bucharest core team advised NEPI Rockcastle on a similar deal, namely an EUR-500 million green bonds issue that was oversubscribed more than six times. The deal marked NEPI Rockcastle’s return to the Eurobond market after more than two years.