Step 1 – Setup of the Management Company

A Management Company is incorporated with the object to create and manage a securitisation SPV.

Step 2 – Setup of the Securitisation Fund

A securitisation Fund is setup as an umbrella fund to create segregated compartments to host and invest into the specific green energy projects selected by the Management Company.

Step 3 – Drafting the Base Memorandum (PPM)

A Base Private Placement Memorandum will be created and will comprise the general terms and conditions applicable to all the Green Bonds to be created in the future.

Step 4 – Setup of compartments of the Fund

An unlimited number of compartments of the securitisation SPV can be created to issue Green Bonds , each linked to a specific green energy project.

Step 5 – Drafting of the Final Terms

The Final Terms applicable to the first compartment will be drafted and will include the description of the first fund, its underlying assets, the coupon (if any), the duration, the type of Green Energy Project, the terms of the Green Bonds, the capital commitments, calls, etc The Green Energy can be based in Luxembourg or abroad. The Bond may be issued an ISIN number and be clearable on demand.

Step 6 – Subscription

Preparation of the Subscription Form

The Investor(s) can subscribe Green Bonds via a Subscription Form either  by completing it themselves or in nominee via their own bank

OR using Creatrust’s online portal FundNav.lu which provides with a fully dematerialised process of subscription.