Walkers' Jersey Team Advises on Major Polymetal Financing

Walkers Jersey Banking & Finance team has advised AO Raiffeisenbank on the Jersey law aspects of an up to USD 200m facility intended to, amongst others things, finance a project to reduce greenhouse gas emissions.

Group Partner Jon Le Rossignol led the team including Associate Alice Wight in advising the lender in respect of a syndicated facility to be provided to Polymetal International Plc.

The purpose of the loan was for corporate purposes, including in particular, for the implementation of a programme for the reduction of greenhouse gas emission intensity.

Jon said: "We are delighted to have advised our client on two facilities for this borrower in quick succession.

"It is particularly pleasing given the strength of our lender-side Russian / CIS practice to see a number of these facilities involving Jersey companies, mirroring the clear global trend towards increasing focus on ESG."

Jon Le RossignolGroup Partner*T +44 (0) 1534 700 716jon.lerossignol@walkersglobal.com
Alice WightAssociateT +44 (0) 1534 700 729alice.wight@walkersglobal.com