This is the first publicly-listed project bond ever issued to finance a solar power plant based on CPV technology. In terms of financing solar energy projects, the bond is an inaugural transaction in South Africa and only the third such transaction worldwide.
A consortium comprised of Deloitte & Touche, The Standard Bank of South Africa, Trident Capital and Webber Wentzel Attorneys advised Soitec throughout the transaction, with the bank acting as lead manager, book runner and debt sponsor for the offering. Moody's, the credit rating agency, confirmed the supportive investment grade rating of Baa2.za assigned to the Touwsrivier project.
Read more here: http://www.sacbee.com/2013/04/30/5383071/soitec-completes-zar-1000000000.html#storylink=cpy