This FCFA45.65bn (approx. EUR 65m) bond follows green financing frameworks aligned with standards such as ICMA Green Bond Principles (GBP) and will fund sustainable energy infrastructure across the region. It will initially finance a 66MW solar PV plant producing on average 130GW per year in Côte d’Ivoire, improving electrification to 400,000+ households, reducing CO2 by 71,000 tonnes and creating 300 direct & indirect jobs.
ADNA led on the Ivorian legal aspects of the transaction with a strong team of Corporate and Finance lawyers, led by partner Sydney Domoraud with counsel Boubacar Diao and associates Salimata Sow, Sigismond Konan, Segui Tanon and Hamed Yeo.