Grupo Cyopsa issues bond for Malpartida solar project refinancing

Viproes Energías Renovable, a unit of Grupo Cyopsa, has issued private placement of bonds to refinance the 11.8 MW Malpartida photovoltaic plant project in Extremadura, Spain.

The bonds issued are subject to Spanish law and were subscribed to by institutional investors, managed by Westbourne Capital, through a private placement and traded on the “Quotation Board” of the Frankfurt Stock Exchange. Agency acted as a bond trustee in the transaction.

Watson Farley & Williams has advised Banco Santander, S.A. and Westbourne Capital, as mandated lead arranger and investor, respectively, for the project.