The financing comprises long term facilities and short term facilities to bridge the equity injection and the milestone payment at completion of construction works

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
The financing comprises long term facilities and short term facilities to bridge the equity injection and the milestone payment at completion of construction works. The financing was arranged through a club deal by a group of eight commercial banks comprising the Bank of Tokyo-Mitsubishi UFJ, KfW Ipex-Bank, Landesbank Baden-Württemberg, Nord/LB Covered Finance Bank, Sumito Mitsui Banking Corporation, Unicredit Bank, Helaba Landesbank Hessen-Thüringen and Crédit Agricole Corporate and Investment Bank along with the European Investment Bank. The financial advisor to the consortium was Crédit Agricole Corporate and Investment Bank. Legal advisors were Houthoff Buruma and White & Case, Deloitte was the tax and accounting advisor and PKF was model auditor. The banks' legal advisor was Linklaters (whereas the European Investment Bank (EIB) was advised by Norton Rose), technical advisor was Infrata and insurance advisor was JLT

Share this update