PLMJ and Clifford Chance advise REN on €300M green bond issuance

PLMJ and Clifford Chance have advised REN – Redes Energéticas Nacionais and REN Finance on REN Finance B.V.’s first issuance of European green bonds, in the amount of €300 million, with an interest rate of 3.375%.

The bonds have an eight-year maturity and are issued under REN’s Green Finance Framework, forming part of the group’s long-term sustainable financing strategy. The deal reinforces REN’s positioning in sustainable finance and the growing role of green bonds in funding large-scale energy infrastructure projects.

On PLMJ’s side, advising on all matters of Portuguese law, the transaction was led by Raquel Azevedo, partner in the banking and finance and capital markets practice areas, with the support of Kathleen Hoffmann Barley, consultant, and associate Teresa Proença Varão.

The Clifford Chance team advising on the transaction was led by capital markets partner Antonio Henriquez and senior associate Anna Buscaglia, alongside the Clifford Chance team based in the Netherlands, led by Dewi Walian.

Pictured, from left to right, Raquel Azevedo and Antonio Henriquez.