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Neinor Homes Successfully Completes First Bond Issuance With €300mn

V&E Advises Neinor Homes in Connection with €300 Million Green Bond Issuance Background Image

Vinson & Elkins is advising Neinor Homes, S.A. in connection with its green bond issuance of €300 million at 5.5 years maturity and a 4.5% cost, due 2026. The operation is the first green bond issuance from a European listed developer and has been fully supported by institutional investors. The bond was well received by investors, being +5x oversubscribed. Closing is expected to take place on 29 April 2021, subject to customary conditions for similar transactions.

The V&E team was led by partners Federico Fruhbeck and Noel Hughes with assistance from partner Emilie Stewart, counsel Christianne Williams and Cason Moore, senior associate Matthew Lowe and associates Anu Akinbamidele, Chris Hesford and Olivia Espy Huntington. Partner Wendy Salinas, counsel Andrew Callaghan and associate Simrita Chadha provided tax advice.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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