Clifford Chance’s Prague office has advised sole lead manager J&T Banka and arranger J&T IB Capital Markets on Energo-Pro Green Finance’s issuance of bonds valued at CZK 530 million.
The bonds are secured by a guarantee provided by DK Holding Investments. They were admitted to trading on Prague Stock Exchange on October 30, 2020, and they will have an interest rate of 6.5% with the possibility of an increase in value up to CZK 1.06 billion.
Energo-Pro Green Finance, a member of the The Energo-Pro Green Group, focuses on distribution, supply, and generation of energy from renewable resources, in particular hydropower energy. The group operates nearly 40 hydropower plants in Central and Eastern Europe, the Caucasus, and the Black Sea Region.
The Clifford Chance team consisted of Partner Milos Felgr, Senior Associate Vladimir Rylich, Associate Pavel Bogusky, and Junior Lawyer Katerina Slapakova.