UK-based investor Atlantica Sustainable Infrastructure issued bonds totalling €326m for the refinancing of a Spanish solar portfolio comprising two plants with combined capacity of 100MW.
Law firm Watson Farley & Williams (WFW) advised Atlantica on the deal, for which Cantor Fitzgerald Europe acted as sole bookrunner and placement agent.
The transaction was guaranteed by Assured Guaranty (Europe).
The bonds are subject to English law and were subscribed to by two unnamed institutional investors through a private placement.
They are listed on the Quotation Board of the Frankfurt Stock Exchange.
The WFW Madrid capital markets team advising Atlantica was led by partner Rodrigo Berasategui, supported by senior associate Alvaro Barro.
Berasategui said: “It was a great pleasure to advise Atlantica on this transaction.
“This is a financing structure that keeps demonstrating its popularity in the renewable sector and we expect several similar transactions to take place in the coming months.”