Clifford Chance Badea advises NEPI Rockcastle on latest green bond issuance

A multijurisdictional legal team from Clifford Chance Badea, led by partner Mădălina Rachieru-Postolache, advised NEPI Rockcastle on its latest green bond issuance, valued at EUR 500 million. The bond issue was oversubscribed by more than six times, signaling a strong return to the Eurobond market for NEPI Rockcastle after more than two years.

This successful transaction adds to Clifford Chance Badea’s extensive green financing portfolio. The core team, coordinated by Rachieru-Postolache, included senior associates and lawyers from the firm’s Bucharest, London, and Amsterdam offices. The Bucharest office team was represented by Gabriel Toma (Senior Associate) and Martha Busuiocescu (lawyer), while the London team featured Paul Deakins (Partner) and Ayan Koshal (Senior Associate). From Amsterdam, the legal support came from Tineke Kothe (Senior Counsel), Dewi Walian (Counsel), and Marte Schaaf (Associate).

Rachieru-Postolache highlighted the professionalism and efficiency of the team, noting the successful outcome of the transaction despite the tight timeline. “The overwhelming investor enthusiasm is a testament to their confidence in NEPI Rockcastle and the growing market interest in sustainable financing projects,” she said, expressing gratitude to the NEPI Rockcastle team and all parties involved in the project.

This bond issuance is part of a broader green financing strategy by NEPI Rockcastle, which has included the implementation of a EUR 1.5 billion Guaranteed Euro Medium Term Programme and subsequent bond issues under this framework. Clifford Chance Badea has played a key role in these initiatives, including advising on the update of NEPI Rockcastle’s multi-year bond programme, which has a total cap of EUR 4 billion.