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White & Case and Dentons Advise on CEZ Group's EUR 750 Million Sustainability-Linked Notes Issuance

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White & Case has advised CEZ Group on the issuance of EUR 750 million in 4.125% sustainability-linked notes due in 2033, under the company’s updated EUR 8 billion EMTN program with CaixaBank, Citigroup Global Markets Europe, Intesa Sanpaolo, Raiffeisen Bank International, SMBC Bank EU, Societe Generale, and UniCredit Bank as the joint lead managers and PKO Bank Polski as co-manager. Dentons advised the banks.

According to White & Case, the notes, listed on the Luxembourg Stock Exchange, include a 0.75% redemption premium payable at maturity if CEZ Group fails to meet its stated greenhouse gas emission intensity target. 

In 2024, White & Case advised CEZ Group on its EUR 700 million and EUR 750 million sustainability-linked note issuances (as reported by CEE Legal Matters on October 10, 2024).

The White & Case team included Prague-based Partner Petr Hudec, Local Partner Jan Vacula, and Associate Josef Levy.

The Dentons team included Prague-based Partners Jiri Tomola and Ondrej Barton, Counsel Lukas Poulik, and Senior Associate Martin Fiala as well as further team members in London.

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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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