05/04/2022

C&S Banking & Finance Team Maintains its Strong Market Position

Banking & Finance had an excellent year 2021 and maintained their market leader position both in the real estate market and in development finance. The team also contributed to several green transition projects, in particular wind farm projects.

Strong Presence in Real Estate Finance And in the Bond Market

The team enhanced their market leading position in the real estate market and in development finance, advising NREP in various development transactions and OP Corporate Bank, Swedbank and Skandinaviska Enskilda Banken in large real estate portfolio financing arrangements.

Banking & Finance held a strong position in the bond market, advising Finnish energy company Neste in its EUR 500 million green bond and Ålandsbanken and Borgo in respect of Finnish law in the issue of a SEK 5.5 billion covered bond.

The team also advised a Nordic financier consortium consisting of Nordea, Aktia, Danske Bank and Swedbank Special in an arrangement in which eQ Community Properties Fund agreed on a MEUR 700 green financing.

Financial Advice to Support Finland’s Biggest Wind Farms

The service supports their clients in reaching the common goal of a more sustainable future. It advised a group formed by Finnish energy company Helen and the Bank of Åland’s Wind Power Fund Non-UCITS as it acquired Kalistanneva wind farm from the French VALOREM group. The team advised the group both in the business transaction and in the negotiation for project funding.

The team also advised OP Corporate Bank, Nordea and SEB as the financiers in an arrangement in which Nordic energy company OX2 signed an agreement with a consortium of Finnish energy companies, Kymppivoima, Oulun Energia and Kuopion Energia, to construct and divest a 455.4 MW wind farm in Lestijärvi, Finland. Upon completion, the wind farm will be the largest in Finland.

Service Highly Regarded by Chambers and IFLR

In international surveys, the team continues its superb track record. The service was ranked in Band 1 in both Chambers Europe and Chambers Global in 2021, with high praise as a ‘Banking & Finance Powerhouse. “Excellent service with excellent results”’. Also the IFLR places the service in Tier 1.

Clients laud Castrén & Snellman’s ‘very capable team’, enthusing: ‘The lawyers have the ability to execute the most complex transactions.’

You can read more about the service and their client cases in our website.