Cases & Deals

Voltalia issues inaugural green bonds

Client(s) Voltalia S.A.

Jones Day represented Voltalia in connection with its inaugural green bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs Vertes) due 2025 for a nominal amount of approximately €200 million as well as within the implementation of its Green & Sustainability-linked Financing Framework. Simultaneously to the issuance of the bonds, a stock loan facility was granted by Voltalia reference shareholder, enabling hedge fund investors to hedge their equity risk and thus optimize the pricing of the bonds for the issuer.