Area of focus

Impact Financing

The need to conduct business responsibly and the role of impact financing in achieving and implementing international goals and policies is continuing to shape the way that investors and financial institutions conduct business. Not only have we seen a rapid growth in impact financing globally but also a greater focus on incorporating ESG factors throughout investment and deal cycles and the creation of specific products and structures.

Representative experience

Ferrovie dello Stato Italiane on its €700m green bond. FS Italiane became the first corporate issuer to finance freight transport rolling stock via green bonds and first Italian issuer to obtain CBI certification.

Cassa depositi e prestiti (Cdp) on the issue of the first Italian Sustainability Bond in an amount of €500m. The proceeds will allow Cdp to fund projects with both environmental and social impacts.

EDF on its €1.75bn of green bond issue to finance future renewable energy projects led by EDF Energies Nouvelles. We also advised EDF on its market first precedent-setting €1.4bn green bond issue in 2013.

The Carbon Trust on the establishment of their Green bond and Climate bond third-party verification business.

IFC on a US$35m green loan to support and incentivise the issuance of a green bond by Davivienda Costa Rica. The loan will contribute to a pipeline of green projects in Costa Rica.

LeapFrog Investments on the formation, fundraising, and maintenance of a US$400m Profit with Purpose fund domiciled in Mauritius and established to invest in insurance companies in Africa and Southeast Asia.

A Double-Bottom Line private equity fund on the formation, fundraising, and maintenance of a U.S. domiciled fund established to make impact investments in Latin America, including securing an investment from OPIC.

Bayerische Landesbank as arranger on the world's first placement of a Blue Social Bond of Deutsche Kreditbank Aktiengesellschaft (DKB). It will serve the refinancing of the municipal water supply and sanitation.

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