Linklaters advises iliad on its €500 million first green bonds issuance and on a tender offer targeting its outstanding bonds due April 2025 and June 2026

Linklaters has advised iliad on its first green bonds issuance of a principal amount of €500 million, with a maturity in December 2029 and an annual interest rate of 4.25 per cent. and, as well as, on its tender offer to repurchase for cash its outstanding bonds due April 2025 and June 2026.

The green bonds issued are admitted to trading on the regulated market of Luxembourg Stock Exchange. An equivalent amount of the net proceeds of this first green bonds issuance will be used by iliad to finance or refinance, in whole or in part, eligible green projects in the following categories: energy efficiency (networks, data centers, buildings), circular economy, clean transportation and renewable energy, as set out in the Green Financing Framework of iliad Group dated October 2024 for which Sustainalytics issued a Second Party Opinion.

On the settlement date of the tender offer which took place on 31 October 2024, iliad has repurchased for cash €121,000,000 in principal amount of its outstanding bonds due April 2025 and €179,000,000 in principal amount of its outstanding bonds due June 2026.

The Linklaters team advising iliad was composed of Véronique Delaittre, partner, Bénédicte de Moras, managing associate as well as Sandra Rassiat, associate.