Bentam represents EDRAM on Kyotherm's €25 million Green Bond.

Bentam advised Edmond de Rothschild Asset Management (UK) LTD and BRIDGE funds on the issue of a €25 million green bond by KYOTHERM SAS.

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Kyotherm, a French investment company specialized  in co-developing, financing, and operating decarbonization projects, particularly in the field of low-carbon heat and energy performance, continues its growth trajectory with a new €25 million green bond issuance. The infrastructure debt fund “BRIDGE,” managed by Edmond de Rothschild Asset Management ("EDRAM"), is participating in this operation with an investment of €24.7 million.

This new €25 million tranche of green bonds, increases its total outstanding green bond issuance to €55 million, which was initially secured in 2020, also supprted by EDRAM. 

The proceeds from the issuance of these green bonds will be allocated to financing or refinancing renewable energy production projects, including geothermal, biomass, solar thermal, and waste heat recovery, all in alignment with the European Union’s taxonomy requirements and the Green Bond Framework established during its first issuance in 2020. The Green Bond Framework has received certification (Second Opinion) from Sustainalytics.

Kyotherm currently manages a portfolio of over 230 MW of assets, comprising approximately 125 MW in operation and 105 MW under construction. The group’s objective is to own and manage 750 MW of decarbonization projects by 2026, a crucial step in addressing the pressing need for significant investments to decarbonize various sectors of our economies, particularly in the energy sector.

The Bentam team was composed of Guillaume Ansaloni and Ivanna Jhayya, assisted on English law matters by Mills & Reeve (David Varnham, Ryan Williams and Kaz Kahn).