The Prague office of Clifford Chance has advised sole lead manager J&T Banka and arranger J&T IB Capital Markets on Czech legal aspects of Energo-Pro Green Finance’s increase of its CZK 530 million bonds issue to CZK 1.06 billion.
According to Clifford Chance, the bonds, which are admitted to trading on the Prague Stock Exchange, are secured by a guarantee provided by DK Holding Investments and a pledge of a minority of shares in Energo-Pro a.s.
Energo-Pro Green Finance is a member of the Energo-Pro Group, which produces and distributes energy from renewable resources. The group operates nearly 40 hydropower plants in Central and Eastern Europe, the Caucasus, and the Black Sea Region.
Clifford Chance also advised the underwriters on Energo-Pro Green Finance’s original issuance in 2020 (as reported by CEE Legal Matters on November 5, 2020).
Clifford Chance’s team included Partner Milos Felgr, Senior Associate Vladimir Rylich, Associate Pavel Bogusky, and Junior Lawyer Katerina Slapakova.