Milbank LLP advised Mytilineos S.A. (“Mytilineos”) in connection with its debut green bond offering of €500 million 2.25% senior notes due 2026. Mytilineos used the proceeds of the bonds to repay existing indebtedness, for general corporate purposes and to pay costs and expenses related to the offering. An amount equivalent to the net proceeds of the offering will be used to finance or refinance eligible green projects in accordance with the company’s green bond framework.
In the last month, Milbank’s London team has been at the forefront of green financing transactions, representing clients on cutting-edge, first-of-their-kind green bond issuances including:
- Public Power Corporation S.A., the biggest electricity company in Greece, on the first sustainability-linked high yield bond in Europe.
- Canary Wharf Group on its £906.3 million (equivalent) debut bond offering pursuant to their newly established green bond framework and related revolving credit facility.
Founded in 1908 and headquartered in Athens, Mytilineos is a leading industrial company with internationally diverse assets and operations. Its shares are listed on the Athens Exchange with a market capitalization of more than €2 billion.