Dentons has advised UK development finance institution and impact investor British International Investment, FMO - Dutch entrepreneurial development bank and the Norwegian Investment Fund for developing countries, Norfund, acting as mezzanine loan noteholders, on Sun King's US$156 million solar securitisation. The securitisation, the first of its kind to be majority-funded by commercial banks, enables Sun King to raise long-term local currency debt by converting future customer repayments for financed solar products into investable assets, while also helping 1.4 million low-income homes and businesses transition away from using fossil fuels to supply electricity. Find out more here: https://lnkd.in/eUCeXp5Q #Dentons #Securities #Renewables #SolarEnergy #Investment #Banking
Great to see Dentons involved in a deal that not only supports clean energy access at scale but also brings commercial banks deeper into sustainable development. A major step forward on both the financial and environmental fronts.
Partner, Co-Head of the Global Banking and Finance Group, Head of the Banking and Financial Services Division UK and member of ExCo at Dentons
2moSuper deal Alex Moezi, well done!