Vena Energy Attains $550 Million Unfunded Multicurrency Green Letter of Credit Facility

Vena Energy, a prominent player in the Asia-Pacific renewable energy sector, is delighted to announce its successful acquisition of a five-year, $550 million multicurrency unfunded Green Letter of Credit Facility. This achievement marks a significant milestone in bolstering the company’s financial flexibility and overall corporate liquidity.

Aligned with Vena Energy’s Green Financing Framework, the funds obtained through this facility are exclusively designated to support Eligible Projects. These projects aim to address two paramount environmental objectives: (i) mitigating climate change and (ii) preventing and controlling pollution.

The Facility saw active participation from key financial institutions, including BNP Paribas, Crédit Agricole Corporate and Investment Bank Singapore Branch, DBS Bank Ltd., ING Bank N.V. Singapore Branch, Intesa Sanpaolo S.P.A. Hong Kong Branch, MUFG Bank Ltd. Singapore Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch, all of whom served as Mandated Lead Arrangers. MUFG Bank Ltd. Singapore Branch assumed the pivotal role of Facility Agent, while Credit Agricole Corporate and Investment Bank Singapore Branch and MUFG Bank Ltd. Singapore Branch functioned as Original Issuing Banks.

Simone Grasso, Chief Investment Officer of Vena Energy, expressed,“We would like to thank our relationship banks for their continued trust and support in our activities. This facility will be instrumental to our organic growth across the region, as we continue to pursue our mission to accelerate the energy transition across APAC.”