Maples supports US$344 million green bond issuance
A team of Maples Group lawyers and professionals provided Cayman Islands legal advice and fiduciary services to GoodGreen 2022-1, the Cayman Islands issuer of US$344 million of green bonds backed by a portfolio of Property Assessed Clean Energy (PACE) assets.
It is the latest PACE deal sponsored by Ygrene, a US property improvement financing provider for residential and commercial clean energy and resiliency improvements.
Since its inception, Ygrene has completed 12 securitisation transactions, totalling over $2.5 billion with funding going towards over 100,000 projects.
The GoodGreen securitisation provides financing on over 9,000 PACE assets covering residential and commercial properties located in 62 counties in California and Florida.
“The environmental impact of investing is at the forefront of global investors’ minds and we continue to advise on an ever-increasing number of ESG-focused and sustainable financing transactions in both the securitisation and wider finance space,” said Tina Meigh, head of the Cayman Islands Finance practice.
She said Ygrene’s latest securitisation provides access to an affordable and flexible way for all property owners, including those that reside in under-served communities, to reduce their carbon footprint and protect their properties against the impacts of natural disasters.
Kim Lund receives excellence award
Kim Lund has received the RE/MAX Paramount of Excellence Award at R4, RE/MAX corporate’s worldwide conference.
Lund is the first recipient of the award outside of the US and Canada.
As the highest award presented by RE/MAX, only 11 individuals have ever been honoured with this career award among more 140,000 worldwide RE/MAX agents, according to a press release.
Additional career awards presented at the event included Dillon Claassens for lifetime achievement and Bianca Alberga and Samantha Payne for the hall of fame.
In addition, RE/MAX Cayman Islands received four of the highest-ranking global awards at this year’s R4 convention.
RBC wins digital banking services award
RBC won an award for ‘Best Digital Banking Services – Caribbean 2022’ by Capital Finance International.
A report by the panel of judges said the bank’s digital services had “proven convenient in normal times and critical during a crisis, like the pandemic”.
RBC’s digital banking app has more than 170,000 active users who log in more than two million times each month, the bank said.
Collas Crill announces promotion
Collas Crill has announced the promotion of Annalisa Shibli to senior associate on its dispute resolution team in Cayman.
Shibli joined Collas Crill in July 2021 as an associate, having spent more than seven years in Cayman and Hong Kong at another offshore law firm.
She was admitted as a Cayman attorney in 2014 and is a member of INSOL’s Cayman Islands Legal Practitioners’ Association and the International Women’s Insolvency & Restructuring Confederation.
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