Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
18 August 2021
Deals | France | Africa | Banking & Finance
The first private green bonds issue in French-speaking West and Central Africa could pave the way for further issues in the region.
The eight-year green bonds were issued on Thursday 12 August 2021 with a yield of 7.5%, by Emergence Plaza, owner of Cosmos Yopougon, the most visited retail complex in Côte d’Ivoire. Proceeds of the CFA 10-billion (USD 18.1 million) bond will be used to refinance a loan with a local bank and to support the company's future projects by strengthening its financial and operational solidity. The bond, which was over-subscribed, was listed at 150 basis points, below the 9% interest rate it was paying on an existing CFA 8.4 billion bank loan.
Gide was legal counsel on the operation, with a team comprising partner Nicolas Jean, working with counsel Bastien Raisse and associate Perrine Delandre.
SGI Hudson & Cie was in charge of structuring and investing the issue.
