Morgan & Morgan advises Panasolar Generation on Corporate bonds issuance

Morgan & Morgan has counselled Panasolar Generation, S.A. on $15,5m issuance

Climate Bonds Initiative runs the Climate Bonds Certification Scheme. Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit global warming to under 2 degrees. The scheme is used globally by bond issuers, governments, investors, and financial markets to prioritize investments that genuinely contribute to addressing climate change. This certification is the leading international award recognizing the best practices in green finance, covering green bonds, loans and significant market developments in climate and transition investments.

The green bonds also have verification by Pacific Corporate Sustainability (PCS) of the Pacific Credit Rating group.

The green bonds have been registered with the Superintendency of Capital Markets of Panama and will be listed on the Panama Stock Exchange. MMG Bank acted as arranger and as bookrunner and paying agent of the green bonds.

Morgan & Morgan Corporate partners Roberto Vidal (pictured first from left to right), Kharla Aizpurua Olmos (second) and Ricardo Arias (third), and associate Cristina De Roux (fourth) participated in this transaction.