Clifford Chance

Clifford Chance advises Proparco on green bond issuance in Ecuador

Leading international law firm Clifford Chance has advised Société de Promotion et de Participation pour la Coopération Economique S.A. (Proparco) in connection with the issuance of US$45 million senior, unsecured green bonds through a private placement by Banco Guayaquil. The proceeds of the issuance will be used to finance climate change mitigation and adaptation projects in Ecuador.

The Clifford Chance team comprised counsel Kate McCarthy, associate Daniel Justus and foreign law clerk Jean Andre Petit Pino.

Clifford Chance advises on many sustainability-related transactions in Latin America. The firm recently advised on the largest solar PV financing in Colombia.