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White & Case and A&O Shearman Advise on Energo-Pro Green Finance's CZK 3.5 Billion Green Bond Issuance

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White & Case has advised Energo-Pro Green Finance on its CZK 3.5 billion retail domestic offering of green notes due 2029 with J&T IB and Capital Markets as the arranger and J&T Banka and UniCredit Bank Czech Republic and Slovakia as the managers. A&O Shearman advised the joint lead managers.

The DK Holding Investments group includes the Energo-Pro group and operates a portfolio of 49 hydropower plants in Bulgaria, Georgia, Turkiye, Spain, and the Czech Republic. Additionally, it is developing hydropower plants in Colombia and owns and operates electricity distribution networks in Bulgaria and Georgia.

According to White & Case, the notes are guaranteed by its holding company DK Holding Investments, and secured over shares in Energo-Pro and certain other assets of DK Holding Investments. The notes have been admitted to trading on the regulated market of the Prague Stock Exchange. 

"We are pleased with the strong demand for our green bonds, indicating that renewable power generation, infrastructure, and storage assets appeal to domestic investors," said General Counsel and Chairman of the Supervisory Board at Energo-Pro Christian Blatchford.

In 2023, White & Case advised on Energo-Pro's EUR 300 million bond issuance (as reported by CEE Legal Matters on August 2, 2023).

The White & Case team in Prague included Partner Petr Hudec, Counsel Petr Smerkl, Associates Jan Vacula and Jakub Kopacek, and Legal Intern Josef Levy.

The A&O Shearman team included Partner Petr Vybiral and Associates Josef Pavlicek and Jan Mourek.

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PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

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