Greening Group's €10M Green Bond Issuance Led by Montero Aramburu & Gómez-Villares Atencia
Deal News | Feb 27, 2025 | Iberian Lawyer
Montero Aramburu & Gómez-Villares Atencia, a prominent law firm, has advised the Spanish renewable energy multinational, Greening Group Global, on the issuance of its first green bonds. This issuance, amounting to €10 million, falls under a larger program registered in the MARF, with a maximum nominal value of €30 million. The bonds are secured for a five-year term and the funds will be directed towards both organic and inorganic growth strategies, including capital expenditure and potential M&A activities. The transaction was led by José Blanco Aróstegui from the capital markets department of the law firm, supported by team members Gadea Pérez de Guzmán Cubas and Guillermo Iglesias Juárez. Renta 4 Banco managed the issuance, while Beka Finance and Banco Sabadell acted as underwriters.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- Spain – The transaction involves Spanish entities, including Greening Group Global, and is conducted under Spanish financial market regulations through MARF.
Industry
- Renewable Energy – Greening Group Global operates in the renewable energy sector, which is central to the issuance of green bonds aimed at funding eco-friendly projects and growth.
- Financial Services – The issuance of green bonds involves financial services firms, particularly in underwriting and management roles, such as Renta 4 Banco, Beka Finance, and Banco Sabadell.
- Legal Services – Montero Aramburu & Gómez-Villares Atencia provided legal advisory services to Greening Group Global, focusing on the capital markets aspects of the bond issuance.
Financials
- €10,000,000 – The amount of the first issue of green bonds by Greening Group Global.
- €30,000,000 – The maximum nominal amount registered under the bond program in the MARF.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greening Group Global | Target | Company | A Spanish multinational company operating in the renewable energy sector issuing green bonds. |
| Montero Aramburu & Gómez-Villares Atencia | Legal Advisor | Company | A law firm advising Greening Group Global on the bond issuance. |
| Renta 4 Banco | Lead Manager | Company | Managed the issuance of the green bonds for Greening Group Global. |
| Beka Finance | Underwriter | Company | An underwriter for the green bond issuance. |
| Banco Sabadell | Underwriter | Company | An underwriter for the green bond issuance. |
| José Blanco Aróstegui | Lead Legal Advisor | Person | Partner at Montero Aramburu & Gómez-Villares Atencia's capital markets department. |
| Gadea Pérez de Guzmán Cubas | Supporting Legal Advisor | Person | Senior associate at Montero Aramburu & Gómez-Villares Atencia. |
| Guillermo Iglesias Juárez | Supporting Legal Advisor | Person | Associate at Montero Aramburu & Gómez-Villares Atencia. |