Andorra issues €500M sustainable bond: advisors
A&O Shearman has advised the Principality of Andorra on the update of its €1.2 billion EMTN programme and the subsequent €500 million international sustainable bond issuance, alongside Cases Lacambra as Andorran counsel. Clifford Chance has advised Banco Santander, Citibank and Crédit Agricole and the other managers on the issuance.
The Principality of Andorra plans to use the proceeds to finance or refinance, in whole or in part, eligible green and social expenditures in accordance with its Green, Social and Sustainability Bond Framework.
Legal advisors
From A&O Shearman, the team was composed of partner Charles Poole-Warren and senior associate Alvaro Rojo Santos.
On Cases Lacambra’s side, matter was led by Miguel Cases (partner) and Elena Muñoz (senior associate) both from the Financial Services team.
The Clifford Chance team advising the managers was led by partner Antonio Henriquez and senior associate Anna Buscaglia, with support from associates Enrique Pais and Alejandro Gómez-Coronado, in Spain. The Luxembourg law aspects were handled by a team led by partner Marc Mehlen and counsel Antonio Arenas Torres, with support from associate Céline Haddad.
