The Netherlands Development Finance Company (FMO) acted as a joint bookrunner in a syndicated loan of US$90 million to China Singyes Solar Technologies Holdings, a renewable energy solution provider listed in Hong Kong. A lead lawyer in this deal has seen a rising interest in China’s alternative energy sector. “We are seeing and being involved in an increasing number of such alternative energy source financings,” Jeffrey Kirk, a Hong Kong-based corporate and commercial partner at Appleby, told China Business Law Journal.
Appleby acted as Bermuda and British Virgin Islands legal counsel for FMO, a development bank based in the Netherlands under the supervision of the Dutch Central Bank. The Appleby team was led by Kirk, assisted by senior associate Rupen Shah. The Dutch bank was also advised by Allen & Overy.
Appleby has advised in other deals lenders that generally operate in the development finance sphere, such as Asian Development Bank, International Finance Corporation and China Development Bank.
