Dentons with CBQ on its issuance of CHF 225 mln green notes
Dentons has advised Commercial Bank of Qatar (P.S.Q.C.) (CBQ) on its issuance of CHF 225 million 1.7075% senior guaranteed green notes due 2027. The notes were issued by CBQ Finance Limited, a special purpose vehicle established in Bermuda, and the notes are guaranteed by CBQ. The transaction was completed on 8 October 2024.
Dentons’ team
The Dentons team in Dubai was led by partner Alex Roussos (pictured), with assistance from senior legal consultant Katie Phillips and senior associate James Osun-Sanmi.
The issuance was CBQ’s inaugural green note issuance. It was also the largest-ever Swiss-franc-denominated issuance of green notes in Qatar. The net proceeds of the Green Notes will be applied to finance and/or refinance, in whole or in part, a portfolio of eligible sustainable projects in eligible green categories, as set out in CBQ’s Sustainable Finance Framework.
The issuance was rated A- by S&P and A by Fitch, was listed on the SIX Swiss Exchange and was offered to sophisticated investors, outside the US, in reliance on Regulation S under the US Securities Act of 1933.
